Rate cuts were expected; go for selective banking, two-wheeler stocks: UBS Securities
In a discussion on NDTV Profit, Gautam Chhaochharia, Executive Director and Head of India Mid Cap Research, UBS Securities said that they were expecting a CRR cut as the RBI has continued easing its stance. "It was clearly a consensus expectations of having a rate cut in this policy and that's why markets are disappointed," he explained. He likes stocks in the two-wheeler segment and selective stocks in the banking space.
