Impact of CRR cut: This CRR cut will increase the liqudity in banking system to the tune of Rs 60,000 crore. However lending rates will remain firm. It is a positive move for the stock market as liquidity problems have been ironed out. However this a short term booster dose for the market.
2. It is heartening to note that Indian political Bosses are working overtime and has scheduled a meeting on Monday by creating an emergency panel headed by Indian Finance Minister which will be studying the liquidity situation in the country.
Members Emergency panel:
(a) TS Narayanasami, Chairman IBA
(b) YM Deosthalee, CEO of L&T
(c) UK Sinha, CMD of UTI
(d) RM Malle of SIDBI.BL Club
3. Well, after seeing such a stock market crash, people will understand that why I have been harping on the fact that one should avoid trading in Futures as it is a sure shot recipe to disaster or shall I call it as a systematic design to steal the retail investor wealth.
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