Favorable time to pick rate-sensitive stocks as analysts bet on RBI easing

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Favorable time to pick rate-sensitive stocks as analysts bet on RBI easing - Business Standard

Quick Summary:

Lower interest rates, for instance, reduces borrowing costs, which boosts demand for loans and improves profitability for banks and non-banking financial companies (NBFCs).

The sharp drop has eased the valuations of the benchmark Nifty 50, which trades at a price-to-earnings (P/E ratio) of 18.8 times, down from its peak of 23.8 times in September last year.

Given the evolving growth-inflation dynamics in the economy, Ruchit Jain, head of technical research at Motilal Oswal suggests investors cherry-pick rate-sensitive stocks in the current scenario.