In his analysis of the day's stocks on CNBC-TV18, SP Tulsian of sptulsian.com, explains that though the penalties in the expected CCI order regarding cartelisation in the cement sector might be light, it may have an adverse impact on the entire sector especially in the case of Ambuja Cement, Ultratech, and ACC.
Tulsian is optimistic on Sesa Goa due to its merger with Sterlite; on RComm, due to the expected mobilisation of close to USD 1 billion and on Arvind, due to renewed trading interest.
Below is an edited transcript of the analysis on CNBC-TV18. Also watch the accompanying video
Q: What do you make of the fall in rate-sensitive sectors like real estate and public sector banks after the policy?
A: There is massive liquidation which is more of a trading nature. The technicals are now making these two sectors the most vulnerable because of huge built-up positions on expectations that the RBI would cut rates was very high.
The RBI's decision to leave rates unchanged