BoB, M&M to DLF: Experts recommend these stocks to buy before RBI MPC meeting outcome

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RBI MPC meeting August 2023: The Reserve Bank of India (RBI) RBI monetary policy committee (MPC) meeting has begun today and this RBI monetary policy meeting would continue from 8th to 10th August 2023. Indian stock market is expecting status quo on interest rate but experts have advised positional and intraday trading members to remain vigilant about the RBI MPC Committee's stance on the interest rate hike.

Any hawkish stance on interest rates in near term may lead to highly volatility in rate sensitive stocks in banking, NBFC, auto and real estate segment. They said that hawkish stance may dent these sector stock even if the key rates are left unchanged.

However, they said that chances of any hawkish stance on interst rate are also bleak and hence high risk traders and investors may look at rate sentitive segments. Speaking on RBI MPC meeting August 2023 expectations, Umesh Kumar Mehta, CIO at Samco Mutual Fund said, "Status quo is given in the MPC meeting this week, but the odds of interest rate hike or cut is equally poised going ahead.

Global economic and inflationary environment are still not up to the mark because of renewed strengthening of crude oil prices and surge in global food prices on extreme weather conditions. Fed and RBI alike suggest a “When the Facts Change, I Change My Mind" mode.

So, it is expected that going ahead only data will decide the course and fate of interest rate." Expecting less dovish stance from RBI monetary policy August 2023 meeting, Deepak Jasani, Head of Retail Research at HDFC Securities said, "Investors may get disappointed by less dovish outcome of the RBI MPC meet, but there is no reason to get disappointed by this. Focus will remain on the rest of Q1 results and the global risk