Here's how rate sensitive stocks have performed since the last RBI policy

Rate sensitive stocks are in focus ahead of the outcome of RBI Monetary Policy Committee’s (MPC) decision later today. Since the last policy annoucement on february 7, Nifty Realty and Nifty Bank indices have slipped 7.7% and 6% respectively, as compared to 3.3% fall in the Nifty50 index in the same period. Nifty Auto, however, was flat during the same time.
 
The first RBI Policy of FY19 is expected to be a non-event. The six-member MPC is widely expected to keep the repo rate unchanged at 6 per cent on Thursday.
 

 
According to Madan Sabnavis, chief economist at CARE Ratings,"The policy review is in the backdrop of higher economic growth, moderation in inflation, increase in bank credit growth, lower bank deposits growth, tight liquidity conditions and increasing GSec yields in FY18. Prospects of interest rate hikes by US Federal Reserve, European Central Bank and Bank of England will also limit the chances of RBI going in for a rate cut."
 
Back in February, the central bank had raised the inflation projection to 5.1% in the January-March quarter from 4.3-4.7% in the second half of FY2018.

Nifty Bank
 
Among banking stocks, Punjab National Bank fell the most, down almost 40%, since the last RBI policy meet. ICICI Bank, State Bank of India, Axis Bank also fell between 12%-19% during the period, ACE Equity data show. 

	Stock Price (Rs)
Company Name	07-Feb-2018	04-Apr-2018	% Change
IndusInd Bank	1663.10	1794.05	7.87
Kotak Mahindra Bank	1034.95	1078.20	4.18
RBL Bank	479.00	487.90	1.86
HDFC Bank	1871.40	1884.80	0.72
The Federal Bank	93.40	91.40	-2.14
IDFC Bank	52.20	48.25	-7.57
Yes Bank	333.20	305.65	-8.27
Bank Of Baroda	153.75	139.95	-8.98
Axis Bank	558.70	490.15	-12.27
State Bank Of India	292.75	246.90	-15.66
ICICI Bank	332.25	268.45	-19.20
Punjab National Bank	156.95	94.40	-39.85

Source: AceEquity 

Nifty Realty

In realty index, HDIL, DLF, Brigade Enterprises fell over 10% each. However, Oberoi Realty gained 5.7% 
 

	Stock Price (Rs)
Company Name	07-Feb-2018	04-Apr-2018	% Change
Oberoi Realty	469.55	496.50	5.74
Prestige Estate Projects	289.50	292.25	0.95
Phoenix Mills	613.20	581.30	-5.20
Unitech	7.37	6.73	-8.68
Sobha	552.85	499.95	-9.57
Indiabulls Real Estate	200.70	180.80	-9.92
Godrej Properties	790.95	712.50	-9.92
Brigade Enterprises	287.00	258.00	-10.10
DLF	225.20	198.55	-11.83
HDIL	51.40	40.60	-21.01
Source: AceEquity

Nifty Auto 
 
Auto stocks, on the other hand, gained with Exide Industries rising 12.7% since February 7; followed by Ashok Leyland, MRF, Apollo Tyres which were up between 8%-9%.

Company Name	07-Feb-2018	04-Apr-2018	% Change
Exide Industries	204.35	230.40	12.75
Ashok Leyland	132.90	145.70	9.63
MRF	68617.60	74860.50	9.10
Apollo Tyres	260.85	281.90	8.07
Eicher Motors	27997.60	28944.40	3.38
Hero MotoCorp	3564.30	3669.95	2.96
Bosch	19241.10	19680.10	2.28
Bharat Forge	706.10	716.30	1.44
Mahindra & Mahindra	747.10	756.95	1.32
Maruti Suzuki India	8919.90	9015.20	1.07
Amara Raja Batteries	790.45	798.00	0.96
TVS Motor Company	648.00	645.35	-0.41
Tata Motors	377.50	355.70	-5.77
Motherson Sumi Systems	354.80	333.10	-6.12
Bajaj Auto	3137.30	2766.35	-11.82
Source: AceEquity