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Quote from Mr. Amit Gupta, Co-Founder and CEO TradingBells

Posted On: 2019-10-04 16:04:21

Today's rate cut of 25bps now adds up to 135 basis points rate cut in 2019 which is a very healthy figure. We have noticed that the government has introduced various steps to boost our economy in the recent past, such as Corporate tax rate cut, Divestment plans & RBI Rate cuts. Retail investors may feel the benefit this time better than before due to the RBI ruling of external benchmark linked home loan rates which came into effect from 1-Oct. PSU banks are plying for higher for loan disbursements and fund new businesses which is a positive sign for the economy. This will start yielding positive results once we see actual disbursements happening and businesses are given opportunity with trust and understanding of the business cycle (by the credit rating agencies and the financial institutions). This will lead to amazing growth in the country and we may even outperform other global economies.


Source: Equity Bulls

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