Rate-sensitive stocks fall; PSU banks worst hit, Bank of Baroda slips 6%

Rate-sensitive stocks such as banks, auto and realty stocks came under heavy pressure in the morning trade on Tuesday, dragging the benchmark indices nearly a per cent lower. At 10:00 am, the S&P BSE Sensex was trading 286 points or 0.73 per cent lower at 38,782, while the broader Nifty50 index of the National Stock Exchange (NSE) was ruling 90 points or 0.76 per cent down at 11,665.

The Nifty Bank index slumped over 400 points or 1.35 per cent to trade 29,609 levels, with 8 constituents in the red and 4 in the green. YES Bank was the top