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topped the buying list on June 4 as most experts on the Street
expect Monetary Policy Committee to go for a rate cut on June 6,
the last day of the three-day meeting.

Oriental Bank of Commerce, Union Bank, Syndicate Bank, Allahabad

Bank, Bank of India, Canara Bank and Bank of Baroda shares gained
3-7 percent, which resulted into 2 percent rally in Nifty PSU Bank.

The fund infusion in FY20 by the government also lifted sentiment.

The government is expected to infuse Rs 40,000 crore in public
sector banks (PSBs) in FY20, according to a report by The Economic
Times.

The move will help state-run lenders improve their balance sheets
and enable them to boost lending. The announcement is likely to be
made when the Budget is presented on July 5, the report said.
related news

HPCL, IOC stocks decline on reports of tax evasion

GE Power soars 3% on Rs 738 crore order win

In addition, the Monetary Policy Committee will announce its

interest rate decision, and economic growth and inflation forecast
on June 6. Most experts expect the committee may go for a rate cut,
but the question is the quantum of the cut.
According to them, 25 bps repo rate cut seems to have already
priced in by the market, but if it is 50bps or more along with strong
liquidity measures then there could be a rally in rate sensitive
stocks.

Image2462019
"Inflation control has been a major success in the last five years.
Inflation is now below 4 percent. A rate cut of at least 50 bps is also
very much expected. It will be a positive for rate sensitive sectors,"
Mohit Ralhan, Managing Partner & CIO at TIW Private Equity told
Moneycontrol.
First Published on Jun 4, 2019 11:35 am
tags #Buzzing Stocks #Nifty Bank
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recommends action against IL&FS coterie
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of India, Canara Bank and Bank of Baroda shares gained 3-7

percent, which resulted into 2 percent rally in Nifty PSU Bank.

The fund infusion in FY20 by the government also lifted sentiment.

The government is expected to infuse Rs 40,000 crore in public
sector banks (PSBs) in FY20, according to a report by The Economic
Times.

The move will help state-run lenders improve their balance sheets
and enable them to boost lending. The announcement is likely to be
made when the Budget is presented on July 5, the report said.
related news

HPCL, IOC stocks decline on reports of tax evasion

GE Power soars 3% on Rs 738 crore order win

In addition, the Monetary Policy Committee will announce its

interest rate decision, and economic growth and inflation forecast
on June 6. Most experts expect the committee may go for a rate cut,
but the question is the quantum of the cut.

According to them, 25 bps repo rate cut seems to have already

priced in by the market, but if it is 50bps or more along with strong
liquidity measures then there could be a rally in rate sensitive
stocks.

Image2462019
"Inflation control has been a major success in the last five years.
Inflation is now below 4 percent. A rate cut of at least 50 bps is also
very much expected. It will be a positive for rate sensitive sectors,"
Mohit Ralhan, Managing Partner & CIO at TIW Private Equity told
Moneycontrol.
First Published on Jun 4, 2019 11:35 am
tags #Buzzing Stocks #Nifty Bank
most popular
Top 10 airports in the world: Just one Indian airport makes the cut
Top 10 airports in the world: Just one Indian airport makes the cut
Slideshow | Wipro, HDFC Bank among top 11 picks by brokerages
with up to 60% upside
Slideshow | Wipro, HDFC Bank among top 11 picks by brokerages
with up to 60% upside
Slideshow | Here are 10 high-conviction bets that could give 13-
100% return in a year
Slideshow | Here are 10 high-conviction bets that could give 13-
100% return in a year
Whatsapp
Nilekani committee's digital payments suggestions
Nilekani committee's digital payments suggestions
Recession could hit the US in 9 months
Recession could hit the US in 9 months
'Employment a challenge we face, will fix it'
'Employment a challenge we face, will fix it'
What to expect from RBI's credit policy?
What to expect from RBI's credit policy?
Must Listen
Editor's pick | Eid celebrations, ONGC now most profitable PSU, SFIO
recommends action against IL&FS coterie

Editor's pick | Eid celebrations, ONGC now most profitable PSU, SFIO
recommends action against IL&FS coterie
stay updated
Subscribe to our Daily Newsletter
Get Daily News on your Browser
Trending news
OnePlus 7 vs Oppo Reno: Which one's a better deal?
OnePlus 7 vs Oppo Reno: Which one's a better deal?

Oppo F11 Pro, A5 with 64GB storage get price cut in India
Apex Legends set to announce Season 2 Battle Pass to keep pace
with Fortnite
Shiv Sena leader Sanjay Raut: Won’t be surprised if Rahul leaves
country
Samsung Galaxy M40 to come with a smaller battery than Galaxy
M30: Report
-conviction bets that could give 13-100% return in a year
Slideshow | Here are 10 high-conviction bets that could give 13-
100% return in a year
Whatsapp
Nilekani committee's digital payments suggestions
Nilekani committee's digital payments suggestions
Recession could hit the US in 9 months
Recession could hit the US in 9 months
'Employment a challenge we face, will fix it'
'Employment a challenge we face, will fix it'
What to expect from RBI's credit policy?
What to expect from RBI's credit policy?
Must Listen
Editor's pick | Eid celebrations, ONGC now most profitable PSU, SFIO
recommends action against IL&FS coterie

Editor's pick | Eid celebrations, ONGC now most profitable PSU, SFIO
recommends action against IL&FS coterie
stay updated
Subscribe to our Daily Newsletter
Get Daily News on your Browser
Trending news
OnePlus 7 vs Oppo Reno: Which one's a better deal?
OnePlus 7 vs Oppo Reno: Which one's a better deal?

Oppo F11 Pro, A5 with 64GB storage get price cut in India
Apex Legends set to announce Season 2 Battle Pass to keep pace
with Fortnite
Shiv Sena leader Sanjay Raut: Won’t be surprised if Rahul leaves
country
Samsung Galaxy M40 to come with a smaller battery than Galaxy
M30: Report

Apperty
Auto
IMoneycontrol

Home
News
Business
kets
Stocks
Economy
Research
Mutual Funds
topped the buying list on June 4 as most experts on the Street
expect Monetary Policy Committee to go for a rate cut on June 6,
the last day of the three-day meeting.

Oriental Bank of Commerce, Union Bank, Syndicate Bank, Allahabad

Bank, Bank of India, Canara Bank and Bank of Baroda shares gained
3-7 percent, which resulted into 2 percent rally in Nifty PSU Bank.

The fund infusion in FY20 by the government also lifted sentiment.

The government is expected to infuse Rs 40,000 crore in public
sector banks (PSBs) in FY20, according to a report by The Economic
Times.

The move will help state-run lenders improve their balance sheets
and enable them to boost lending. The announcement is likely to be
made when the Budget is presented on July 5, the report said.
related news

HPCL, IOC stocks decline on reports of tax evasion

GE Power soars 3% on Rs 738 crore order win

In addition, the Monetary Policy Committee will announce its

interest rate decision, and economic growth and inflation forecast
on June 6. Most experts expect the committee may go for a rate cut,
but the question is the quantum of the cut.

According to them, 25 bps repo rate cut seems to have already

priced in by the market, but if it is 50bps or more along with strong
liquidity measures then there could be a rally in rate sensitive
stocks.

Image2462019
"Inflation control has been a major success in the last five years.
Inflation is now below 4 percent. A rate cut of at least 50 bps is also
very much expected. It will be a positive for rate sensitive sectors,"
Mohit Ralhan, Managing Partner & CIO at TIW Private Equity told
Moneycontrol.
First Published on Jun 4, 2019 11:35 am
tags #Buzzing Stocks #Nifty Bank
most popular
Top 10 airports in the world: Just one Indian airport makes the cut
Top 10 airports in the world: Just one Indian airport makes the cut
Slideshow | Wipro, HDFC Bank among top 11 picks by brokerages
with up to 60% upside
Slideshow | Wipro, HDFC Bank among top 11 picks by brokerages
with up to 60% upside
Slideshow | Here are 10 high-conviction bets that could give 13-
100% return in a year
Slideshow | Here are 10 high-conviction bets that could give 13-
100% return in a year
Whatsapp
Nilekani committee's digital payments suggestions
Nilekani committee's digital payments suggestions
Recession could hit the US in 9 months
Recession could hit the US in 9 months
'Employment a challenge we face, will fix it'
'Employment a challenge we face, will fix it'
What to expect from RBI's credit policy?
What to expect from RBI's credit policy?
Must Listen
Editor's pick | Eid celebrations, ONGC now most profitable PSU, SFIO
recommends action against IL&FS coterie

Editor's pick | Eid celebrations, ONGC now most profitable PSU, SFIO
recommends action against IL&FS coterie
stay updated
Subscribe to our Daily Newsletter
Get Daily News on your Browser
Trending news
OnePlus 7 vs Oppo Reno: Which one's a better deal?
OnePlus 7 vs Oppo Reno: Which one's a better deal?

Oppo F11 Pro, A5 with 64GB storage get price cut in India
Apex Legends set to announce Season 2 Battle Pass to keep pace
with Fortnite
Shiv Sena leader Sanjay Raut: Won’t be surprised if Rahul leaves
country
Samsung Galaxy M40 to come with a smaller battery than Galaxy
M30: Report

Nilekani committee's digital payments suggestions

Recession could hit the US in 9 months
Recession could hit the US in 9 months
'Employment a challenge we face, will fix it'
'Employment a challenge we face, will fix it'
What to expect from RBI's credit policy?
What to expect from RBI's credit policy?
Must Listen
Editor's pick | Eid celebrations, ONGC now most profitable PSU, SFIO
recommends action against IL&FS coterie

Editor's pick | Eid celebrations, ONGC now most profitable PSU, SFIO
recommends action against IL&FS coterie
stay updated
Subscribe to our Daily Newsletter
Get Daily News on your Browser
Trending news
OnePlus 7 vs Oppo Reno: Which one's a better deal?
OnePlus 7 vs Oppo Reno: Which one's a better deal?

Oppo F11 Pro, A5 with 64GB storage get price cut in India
Apex Legends set to announce Season 2 Battle Pass to keep pace
with Fortnite
Shiv Sena leader Sanjay Raut: Won’t be surprised if Rahul leaves
country
Samsung Galaxy M40 to come with a smaller battery than Galaxy
M30: Report

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Last Updated : Jun 04, 2019 11:35 AM IST | Source:
Moneycontrol.com
PSU banks turn top gainers on hopes of repo rate cut, FY20 fund
infusion
25 bps repo rate cut seems to have already priced in by the market,
but if it is 50bps or more along with strong liquidity measures then
there could be a rally in rate sensitive stocks
Moneycontrol News @moneycontrolcom

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