Home, auto loans to cost more as RBI tightens policy: Bankers

	Dated:26 July,2011

Top Headlines Sensex plunges 350 points; realty, auto, banks down Markets ended sharply lower as hike in key interest rates by RBI spooked sentiments. Rate sensitive were beaten down badly. Analysts' Call: What to do with Reliance Industries now? We don't see much downside for Reliance Industries Ltd from current levels and we feel that the stock provides a good entry at this point of time. Tata Sons revokes 6.93 crore shares of TCS After revoking of these shares, Tata Sons has about 9.18 crore pledged shares, accounting for about a 4.69 per cent stake in TCS. Market Round-up SENSEX 18518.22 -353.07 NIFTY 5574.85 -105.45 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Panasonic Home Appliances 134.55 + 18.55 DCM Shriram Consolidated 53.90 + 13.47 Kitply Industries Ltd. 4.25 + 10.39 CCL Products India Ltd. 233.05 + 9.54 Northgate Technologies Lt 12.05 + 9.05 NSE Losers Scrip Price(Rs.) %Change Pudumjee Industries Ltd. 21.25 -11.83 Chemplast Sanmar Ltd. 7.45 -9.15 Vindhya Telelinks Ltd. 175.45 -8.74 Birla Ericsson Optical Lt 15.75 -7.89 Gujarat Lease Financing L 4.10 -7.87 Views on Stocks/Markets Buy telecom stocks on dips: Sudarshan Sukhani, Technical Trends Buy Coal India: Deepak Mohoni Bearish on infrastructure: Ashwani Gujral IPO/Global Markets Asia stocks gain on global cues 'L&T IPO at marginal premium' China shares end up 0.5% Rupee / Gold Re up on firm Asian peers Gold retreats from record high Gold steady below record More 'Market' News Home, auto loans to cost more as RBI tightens policy: Bankers Home, auto & corporate loans will get expensive by up to 50 bps, burning another hole in pocket of the consumer already burdened with high inflation. Rohit Ferro to raise up to $20 mn via QIP: Report Rohit Ferro-Tech , a Kolkata-based ferro alloy manufacturer, plans to raise up to $20 million through a stake sale to institutions between mid-August and early September. Former MindTree chairman cuts stake in firm to 3.5 per cent Ashok Soota, former chairman at MindTree Ltd , sold another cache of 822,676 shares, amounting to a 2.05 percent stake in the firm, and reduced his stake to 3.54 percent, the mid-tier IT firm said in a disclosure to the stock exchange.