Policy impact: Rate-sensitive shares gain as RBI keeps key rates unchanged

At 10:31 am; Nifty Bank, Nifty Financial Services, Nifty PSU Bank and Nifty Realty indices were up 1 per cent, against a 0.5 per cent gain in the benchmark Nifty50 index

Shares of rate sensitives' like financials including banks, non-banking finance companies (NBFCs) and housing finance companies (HFCs), automobiles and real estate rallied smartly after the Reserve Bank of India (RBI) kept the repo rate unchanged at 4 per cent, maintaining its accomodative stance to revive economic growth. The reverse repo rate also remained unchanged at 3.35 per cent.

At 10:31 am; Nifty Bank, Nifty Financial Services, Nifty PSU Bank and Nifty Realty indices were up 1 per cent each, while Nifty Auto index was also off the lows of the day. In comparison, the benchmark Nifty50 index was up