The Reserve Bank of India Reduced Repo rate by 25 bps to 6 percent on 4th April, This is the second rate cut in 2019. Now your loan will reduce the EMI. Loans will be available for home and car for low interest. Deteriorating demand will give the boost industry a booster of cheap loans. In fact, The RBI Governor Shaktikanta Das made everyone happy by cutting 0.25 per cent of the repo rate. Now it is clear that the loan will be cheap.
Banks have also been given an additional Rebate of SLR from 0.5% to 2%. This will bring cash to the banks and it will be easy to lend to them. This move of the RBI will be a cheap loan, which wills easy the purchase of home and car. Industries will also get a booster of cheap loans. Apart from this, all other types of consumer loans will also be cheap. SBI has announced interest reduction from May 1. After SBI, the other banks will also make the loan cheap.
After deduction of policy rates, the RBI announced 11 additions, under which arrangements have been made to provide an additional 2% SLR to increase liquidity in banks
Stocks which will be boost After Reduced Repo Rate
According to Expert view Real Estate Sector and Auto Sector will be boost After Reduced Repo Rate by Reserve bank of India .
Real Estate Stocks for Investment
Godrej Properties Ltd : Buy GODREJPROP for Long term Perspective above 900 to 910 for targets 975, 1021 Stop Loss 841.
Indiabulls Housing Finance Ltd: Buy IBULHSGFIN for holding perspective around 870 to 890 targets 961, 991 Stop Loss 821.
Also can Buy Godrej Industries, DLF Voltas for long term holding Investment.
Auto Sector Stocks for Investment
Hero Motocorp Ltd: Buy HEROMOTOCO for Long term Holding Above 2600 for targets 2851, 3021 Stop Loss 2371.
Bajaj Auto Ltd: For Long term perspective Buy Bajaj Auto Above 2850 for targets 2971, 3037 Stop Loss 2721.