Interest rate sensitive stocks end mixed post RBI policy

Rate sensitive realty, banking and auto stocks today ended on a mixed note after Reserve Bank Governor Raghuram Rajan left interest rates unchanged in his last monetary policy review.
From the realty basket, shares of Oberoi Realty tanked 4 per cent, Unitech fell by 3.94 per cent and Sobha by 1.40 per cent on BSE.
In contrast, Prestige Estates Projects went up by 1.91 per cent and Godrej Properties by 1.73 per cent. Realty major DLF closed up by 0.63 per cent at Rs 166.75.
The BSE realty index settled 0.25 per cent down at 1,628.14.
Among banking stocks, Kotak Mahindra Bank was down 0.69 per cent, Yes Bank by 0.39 per cent and HDFC Bank by 0.21 per cent.

On the other hand, shares of PNB went up by 0.98 per cent, Bank of Baroda by 0.76 per cent, State Bank of India by 0.67 per cent and Axis Bank by 0.50 per cent.

The BSE banking index ended nearly flat at 21,653.84 with negative bias.
From the auto pack, Eicher Motors lost 1.68 per cent, Hero MotoCorp fell by 1.43 per cent, while M&M (1.13 per cent), Maruti Suzuki India (0.47 per cent), Bajaj Auto (0.31 per cent) also fell.
The BSE auto index went down by 0.57 per cent to end at 21,691.38.
"The RBI Governor's decision to maintain status quo was in-line with our expectations. Waiting for the monsoons to play out fully before initiating a rate cut is a wise decision," Arun Gopalan, the Vice President of Systematix Shares & Stocks, said.

RBI today left interest rates unchanged in his last monetary policy review as inflation hit near 2-year high but said the central bank's stance remains "accommodative".
Expecting "upside" risk to his March inflation target of 5 per cent due to pay hike of central government employees following the 7th Pay Commission and sticky core inflation, which excludes food and fuel, he kept benchmark repurchase rate at five-year low of 6.50 per cent.
Meanwhile, the Sensex ended at 28,085.16, down 97.41 points.