Rate sensitive stocks reel under pressure

Shares of interest rate-sensitive sectors such as banking, real estate and autos are trading lower on the back of disappointing macroeconomic numbers as investors become cautious and focus on the tone of the central bank at a time when industrial growth fell to a four-month low of 3.6 per cent in September and the CPI inflation for October rose to five per cent - the highest in four months. READ FULL STORY

The fifth bi-monthly monetary policy of the RBI is scheduled on December 1, 2015.

ICICI Bank, IndusInd Bank, Axis Bank, Punjab National Bank, HDFC Bank, Bank of Baroda, SBI and Yes Bank from banking, Tata Motors, Exide Industries, Hewro Motocorp, MRF, Bharat Forge, M&M, Eicher Motors, M&M, Ashok Leyland and Motherson Sumi Systems from auto and Oberoi Realty, Unitech, Pheonix, DLF, Mahindra Life, Indiabulls Real Estate and Godrej Properties from the real estate sector have declined between 2%-10% on the Bombay Stock Exchange (BSE).

 

Bank Nifty, the banking share index, has dipped 0.7% or 125 points at 19,269 on the BSE. BSE Realty and BSE Auto index are down 0.8%  and 0.6% each.