Interest rate sensitive stocks gain upto 4% ahead of RBI policy

Nifty PSU Bank, Nifty Private Bank, Nifty Auto and Nifty Realty indices were up 2% as compared to 1.6% rise in the benchmark Nifty 50 index at 10:31 am

Shares of interest-rate sensitive sectors such as auto, banking and realty were trading higher by up 4% on the National Stock Exchange (NSE) ahead of the Reserve Bank of India's (RBI) first bi-monthly monetary policy for the financial year 2018-19 (FY19) today.

The public and private sector banking share indices - Nifty PSU Bank, Nifty Private Bank, automobile index Nifty Auto and real estate sector index Nifty Realty, were trading 2% higher as compared to 1.6% rise in the benchmark Nifty 50 index at 10:31 am.

Allahabad Bank, Canara Bank, Bank of India, Syndicate Bank, YES Bank and