Rate sensitive shares trade mixed after RBI cuts repo rate by 25 bps

Nifty Auto and Nifty Realty indices were up 0.30 per cent each, while Nifty Bank, Nifty PSU Bank and Nifty Private Bank indices were down 0.30 per cent each at 12 PM

Shares of interest rate sensitive sectors like the bank, real estate, and automobiles were trading mixed on the bourses after the Reserve Bank of India (RBI) on Thursday cut the repo rate by 25 basis points to 6 per cent in the first bi-monthly monetary policy meet of the financial year (FY) 2019-20.

At 12:00 pm, Nifty Auto and Nifty Realty indices were up 0.30 per cent each, while Nifty Bank, Nifty PSU Bank and Nifty Private Bank indices were down 0.30 per cent each. In comparison, the benchmark index Nifty 50 index was down 0.20 per cent on the