 "rupee, forex, stocks, markets, currency, NSE, BSE, exchanges")
Shares of rate sensitive sectors such as bank, real estate and automobiles are trading firm after the Reserve Bank India (RBI) hiked repo rate by 25 bps to 6.25%. This is the first rate hike since January 2014. The central bank maintained neutral stance in the second policy decision of FY19.
Nifty PSU Bank (up 2%), Nifty Realty (1.4%) and Nifty Auto (up 1.5%) were up more than 1% as compared to 0.88% rise in the benchmark Nifty 50 index at 02:57 pm. Nifty Bank and Nifty Private Bank index however, up 0.42% and 0.37%, respectively.
State Bank
Nifty PSU Bank (up 2%), Nifty Realty (1.4%) and Nifty Auto (up 1.5%) were up more than 1% as compared to 0.88% rise in the benchmark Nifty 50 index at 02:57 pm. Nifty Bank and Nifty Private Bank index however, up 0.42% and 0.37%, respectively.
State Bank
