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Shares of rate sensitive sectors continue to remain subdued as traders remained cautious ahead of the Reserve Bank of India's policy meet later today.
According to market experts, the Reserve Bank of India is likely to maintain status quo on key policy rates.
The central bank has reduced the key policy rate by 75bps since January 2015 with the last reduction of 25bps on June 02, 2015.
BSE Bankex was the top loser down 0.5%. Among the financials stocks, HDFC, Axis Bank, ICICI Bank, SBI were down 0.2-1% each.
Auto shares were mixed with Tata Motors down 1.3% while Maruti Suzuki was trading flat . Among two-wheelers Hero MotoCorp was up 2% on robust Q1 earnings while Bajaj Auto was up 0.6%.
Realty shares Indiabulls Real Estate was up 5% on good first quarter earnings while DB Realty and Godrej Properties were up over 1% each.
