Portfolios to be handled delicately this week - IIFL

This week will require some delicate handling of portfolios especially if you are stuffed with interest-rate sensitive stocks. A host of results will dictate the movements today even as investors adopt a cautious approach ahead of the RBI meet on Friday. The Chief Economic Advisor Raghuram Rajan has sent a strong signal to the RBI stating that there is room to cut interest rates as core inflation has come down and there is a need to push growth. Expectations are that RBI would cut the policy rate by 25bps.

Globally too, central bankers action will be in focus as the Fed two-day meeting kicks off Tuesday while the ECB meets on Thursday.

Earnings results will drive the market in today's trade but investors are also likely to accumulate rate sensitive Auto, banks and realty stocks. Auto stocks will see some swings as companies start announcing their sales numbers from Wednesday. Spain's challenges have increased after it said it needs two more years to meet budget targets agreed with the EU.

In this holiday shortened week, Hindustan Unilever, Bharti Airtel, Ambuja cements and ACC will report their Q4 numbers.

Source : Equity Bulls

Keywords