Everyone has been talking about upcoming interest rate hikes, which may come sooner than later given the rapid pace of inflation in the country. This will result in banks raising interest rates on housing loans, some of which we have already started seeing.
Now the question is, can this rise in interest rate rise derail the growth we have seen in the housing market? The sector had just shrugged off the slowdown of previous 6-8 years during the pandemic thanks to low interest rates.
ETMarkets’ Shubham Raj caught up with Manish Jeloka, Co-head Products & Solutions, Sanctum Wealth, to understand the impact on the sector. He also talked about where Nifty could be headed in the near and long term, what is ailing bank stocks, and which sectors will make you money in the next couple of years.
Q. We have seen heavy buying after a sharp drop. How do you read markets right now? How do you see it panning out now?
Q. What is your target for Nifty and Sensex for this year-end?
Q. Bank stocks seem to find reasons not to rally every time despite everyone being bullish on them. What is ailing the sector?
Q. What sectors do you think will do great from stock market’s point of view in coming couple of years?
Q. SBI raised MCLR by 10 basis points. Other banks will likely follow. Can we see it as a preparation for a policy rate hike in upcoming MPC meet?
Thank you Shubham and Mr Jeloka for a very intriguing conversation.
That’s all in this week’s special podcast. Do keep checking this space for more interesting content and take time out to follow our market podcasts twice every day. Stay safe and Happy Weekend!