Expected to cut rates, strengthened the position of India - Market Update

This week, in addition to domestic markets is going to be very important in terms of global markets. On September 16, the US Fed meeting will begin on September 17 in the US decision on interest rate hikes will come. While the RBI's credit policy will be on September 29.

Kotak Mahindra AMC MD & CEO, Nilesh Shah says that the US Fed is likely to raise interest rates in the US in December. However, the market of the US Fed discount rate hike has. However, 40 per cent in September, the Fed has room to raise rates. According to nilesh shah, there are full scop to RBI cut rates. The wholesale price inflation, retail inflation and GDP figures refer to the expected rate cut by the RBI looks.

Nilesh Shah said the RBI's rate cut of 1 per cent to 7 per cent growth in corporate profits is possible. Also Nilesh Shah said Indian market in the BRICS countries still remains the most powerful. campair to Brazil and Russia's, India postition looks quit robust. Nilesh Shah said investors need to assure domestic strength. India will benefit from the decline in crude prices.

According to Nilesh Shah, the weakness in crude to India is a good chance to strengthen our economy. Nilesh Shah idling even in China, but the market is huge, so do not be afraid just by the slowdown in China. Also, if interest rates rise in the US Fed does so also it will benefit India.

Nilesh shah said there are an opportunity to get more profit when the market is down. And many stocks are available at attractive levels. Gold monetization the government scheme and schemes like Gold Bond Scheme has brought commendable job by government. Gold scheme will remain India's money in India. Government need to promote there gold scheme just like they promote jan dhan yojana.

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Source: moneycontrol.com