In order to trigger the economic recovery that has begun after the fall-out, RBI has yet again iterated to continue with accommodative stance and at the same time stood pat on key policy rate. The repo rate has been kept unchanged at 4 percent.
Notably the policy outcome has been revealed amid the second wave of coronavirus infection and elevated levels of inflation.
Banking stocks have cut their previous losses and all the linked Nifty indices are trading in the green, with maximum strength in the PSU Bank pack, gaining 1.52 percent. Realty and auto stocks are also up over 0.8% at the time of writing this copy.
The major gainers in the realty stocks being DLF, Brigade Enterprises, Godrej Properties and IndiaBulls Real Estate while in the auto pack the gainers are led by Maruti Suzuki, followed by Ashok Leyland, Bajaj Auto, Motherson Sumi and M&M.