Rate sensitive stks trade weak; Nifty Auto, PSU Bank, Realty index down 2%

Ashok Leyland, Bajaj Auto, TVS Motor, Maruti Suzuki, M&M, SBI, Bank of Baroda and DLF were down in the range of 3% to 6% on the NSE.

Shares of rate sensitive sectors like bank, automobiles and realty stocks were trading weak despite the monetary policy committee (MPC) of the Reserve Bank on Friday kept the repo rate unchanged at to 6.50% in its fourth bi-monthly monetary policy review of 2018-19.

At 02:49 pm, Nifty PSU Bank, Nifty Auto and Nifty Realty indices were down in the range of 1.6% to 2.5%, as compared to 1.5% decline in the Nifty 50 index. Nifty Bank and Nifty Private Bank index were trading flat on the National Stock Exchange (NSE).

Ashok Leyland, Bajaj Auto, TVS Motor Company, Maruti