Rate sensitive sector indices gain upto 2% as RBI keeps repo rate unchanged

Among individual stocks, Bajaj Finance, Mahindra & Mahindra Financial Services, ICICI Bank and State Bank of India (SBI) logged smart gains

Shares of interest rate sensitive sectors such as financials including banks, housing finance companies (HFCs), real estate and automobiles were trading higher by up to 4 per cent on the National Stock Exchange (NSE) after the Reserve Bank of India (RBI) kept interest rates unchanged for the ninth consecutive time on Wednesday.

The policy repo rate remains unchanged at 4 per cent and the stance remains accommodative. The reverse repo rate also remains unchanged at 3.35 per cent.

At 10:55 am; Nifty Bank, Nifty Financial Services, Nifty PSU Bank, Nifty Private Bank, Nifty Auto and Nifty Realty indices