Interest-rate sensitive bank, realty and auto stocks were trading on a mixed note today as the Reserve Bank left the key interest rate unchanged. (Reuters)
Interest-rate sensitive bank, realty and auto stocks were trading on a mixed note today as the Reserve Bank left the key interest rate unchanged.
Shares of IndusInd Bank were trading 0.91 per cent up, ICICI Bank gained 0.73 per cent, HDFC Bank rose by 0.47 per cent, Punjab National Bank climbed 0.45 per cent and SBI went up by 0.30 per cent, respectively on BSE.
On the contrary, Axis Bank, Bank of Baroda and Yes Bank shares lost as much as 1 per cent.
The BSE bank index was quoting 0.22 per cent higher at 19,960.19.
“Overall, the RBI policy was in-line with expectations. There were no expectations of any action in the policy rates and the RBI has acted in-line,” said Jimeet Modi, CEO, SAMCO Securities.
Among realty scrips, Unitech advanced by 2.26 per cent, DLF was up 1.74 per cent and Mahindra Lifespace Developers rose by 1.24 per cent.
On the other hand, Indiabulls Real Estate slipped 1.33 per cent, Sobha Ltd was down 1.26 per cent and Godrej Properties lost 1.07 per cent.
The BSE realty index was trading with a gain of 0.36 per cent at 1,348.71.
In the auto space, Tata Motors, Ashok Leyland, Hero MotoCorp, Maruti Suzuki and Bajaj Auto were ruling in the negative zone.
The auto index was trading 0.33 per cent down at 18,901.20.
In the broader market, the benchmark BSE Sensex was trading flat at 26,184.89, up 39.22 points, at 1240 hours.
Meanwhile, RBI Governor Raghuram Rajan today left the key interest rate unchanged, as widely expected, in view of retail inflation rising to 4-month high and likelihood of capital outflows on a possible US Fed rate hike later this month.
The Reserve Bank, which has lowered interest rate by 125 basis points or 1.25 per cent this year, including a larger- than-expected 50 basis points cut at the last monetary policy review in late September, left the benchmark lending rate (repo) at 6.75 per cent.
The cash reserve ratio, or the amount of deposits banks park with RBI, has also been left unchanged at 4 per cent.
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