Stocks dance to rate tunes
The Hindu
Why did some stocks react to the RBI’s decision to hold interest rates?The stocks that rallied in the wake of the RBI’s monetary policy announcement on April 7 were predominantly a category broadly re
The stocks that rallied in the wake of the RBI’s monetary policy announcement on April 7 were predominantly a category broadly referred to as interest-rate sensitives. Investors bet that these firms stood to gain from the central bank’s decision. Prevailing interest rates may determine the pace of sales growth in specific sectors. When benchmark interest rates change, the fortunes of these sectors are in turn impacted. This reflects in their stock prices.
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