Another CRR Hike

Hi all,

There is news that RBI has increased CRR by another .50. I am wondering what will be the effect tomarrow.
Kindly post ur views
Thanks
Rajeev

banks will sink & sink & sink......realty stocks as welllllllllllll....
bad days for both....

RBI had earlier announced that the CRR hike will be in two phases, Jan 17 and March 3. ICICI BANK, HDFC BANK are currently down by 7% in the US markets at this hour. With nifty being a bank heavy index it should tank too. Nifty is close to strong supports and if we happen to break these supports and close below them there will be chaos! I am only wondering about how much the market has already factored in this rate hikes.

Dont forget that ICICI and others hav already increased the rates. PSU banks cant afford to hold back the interest rates for much long.

Us markets Dow 12,641.48 +88.93 (+0.71%)



Thanks

Short SBI tomorrow. What say?

Lovely. Take your pick from amongst the PSB lot

no way juz as u buy on rumour , sell on news ....

this time its d other way around ... sell on rumour BUY ON NEWS ! lol...

we might witness some correction in the first few trading hours... coz d CRR effect has already been factored in ..

Cheers

oops. just when I had invested in infrastruture funds....

hope all of you have murderd banks & nifty properly. with huggggggggge profits.............

Don't worry if it's a 2-3 yrs investment don't be fazed by the short term overreaction of the mkt - happens all the time.

Regards,
Kalyan.