Nifty PSU Bank, Nifty Realty index up 3% as RBI keeps repo rate unchanged

SBI, Bank of India, Canara Bank, Bank of Baroda, Indian Bank, Syndicate Bank, Allahabad Bank, Oriental Bank of Commerce and Union Bank of India from the Nifty PSU Bank index were up more than 3%

Shares of interest-rate sensitive sectors such as auto, banking and realty were trading higher by up 4% on the National Stock Exchange (NSE) after the Reserve Bank of India (RBI) maintained status quo on the key short-term borrowing rate in its first bi-monthly monetary policy for the financial year 2018-19 (FY19) today.

Nifty PSU Bank, the public sector bank index and Nifty Realty, the real estate index, were up 3% each, while Nifty Auto, Nifty Bank and Nifty Private Sector Bank index were up nearly 2% as compared to 1.6% rise in the benchmark Nifty 50 index at 02:37