Majority of the rate-sensitive stocks remained nearly unaffected after RBI cut the repo rate for the second time this year today by as much as 25 basis points and maintained a neutral stance.
After the MPC announcement, Nifty Bank traded almost flat at 30,090 while Nifty Auto and Nifty realty only gained marginally.
Some of the gainers in the Auto space include Hero MotoCorp, Tata Motors, Maruti Suzuki which surged between 0.9-1.5%
Shares from the realty index which gained include Godrej Properties, Prestige Estates etc.
Some of the stocks from the banking space gained including Federal Bank, Axis Bank, PNB while others that lagged include Yes Bank, IDFC First Bank etc.