et_markets23 days ago
BULLISH(75%)
hold
Published on the original source: 17 Mar 2026, 1:58 PM IST
Global Markets | Australian shares gain as split RBA hike cools rate fears
Read original sourceAI Analysis
The global stability could offer a reprieve to Indian financials, which have been under pressure recently. Reduced global rate hike fears might alleviate some pressure on NIMs and credit growth outlook.
Trading Insight
Look for short-term buying opportunities in Indian financial stocks, especially those with strong asset quality, but be mindful of the ongoing domestic banking sector pressures.
Quick check: HDFCBANK neutral (oversold), ICICIBANK neutral (oversold).
Key Evidence
- •Australian stocks closed higher on Tuesday.
- •Reserve Bank of Australia increased interest rates by 25 basis points, as anticipated.
- •A close vote on the RBA decision reduced expectations for another immediate rate hike.
- •Miners and financial companies saw significant gains in Australia.
- •Global markets also showed stability.
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