Nifty Auto Nifty Bank

Broader markets, especially automobile stocks, may also react negatively going ahead

Real estate and automobiles, which were showing signs of a nascent recovery, will bear the brunt of higher interest rates

Although Nifty Auto shows tremendous optimism, Nifty Bank may see profit-booking at crucial levels going ahead.

The benchmark indices are holding the positive sentiment

At 12:25 pm, Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Auto indices were down in the range of 1 per cent to 2 per cent on the National Stock Exchange.

The index had witnessed 10 per cent correction from June, 2019 and an upside of over 5 per cent in the past two sessions has strengthened the positive view on the technical charts