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HDFC Bank, Maruti, DLF: Rate-sensitive stocks are preparing for more upside

Realty stocks are showing strong upside momentum

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If Maruti sustains above Rs 7,800 mark for a few more sessions, then the breakout may see a huge rally towards Rs 9,000 levels.

Avdhut Bagkar Mumbai
Benchmark indices scaled fresh lifetime highs on Friday with the S&P BSE Sensex hitting the crucial 45,000-mark for the first time ever after the Reserve Bank of India (RBI) decided to keep repo rate unchanged at 4 per cent and revised the FY21 GDP contraction to 7.5 per cent from -9.5 per cent, earlier. READ MORE

Following the development, the rate-sensitive stocks and sectors were also trading firm in the trade. For instance, Nifty Bank was up over 1 per cent at 29,832 levels while Nifty Auto was ruling nearly a per cent higher at 9,326 levels with