Rate Sensitive Stocks Trade Higher On RBI MPC Outcome

After the RBI maintains status quo on, rate sensitive stocks are trading higher with Nifty Bank and Nifty Auto, which is up 0,73% and 0.29%, respectively.

Major banks pushing the Nifty Bank Index higher are HDFC Bank, ICICI Bank, SBI, Axis Bank and Bandhan Bank while stocks pulling it down have been Kotak Mahindra, IDFC First Bank etc.

And auto stocks which have been higher in trade are Amara Raja, Ashoka Leyland among others. This is even as the global markets have been doubtful of the stimulus being doled out to support the economy.

Also, HFCs have been trading higher up to 9%.

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