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Shares of interest-rate sensitive such as realty, auto and bank stocks are trading mixed after the Reserve Bank of India (RBI) left rates unchanged for the fourth straight time while reviwing the Monetary Policy today.
Kotak Mahindra Bank and Federal Bank from banking sector are up 1% each, while Axis Bank and Bank of India down 1% each on the National Stock Exchange (NSE).
Bank Nifty was marginally 0.10% down at 15,459 at 1130 hours after the policy announcement. The index touched high of 15,560 in early noon deals.
Eicher Motors, Bajaj Auto and Maruti Suzuki India from auto and HDIL, Phoenix, Delta Corp and Sobha Developers from realty are trading higher between 1-6% on NSE.
Governor Raghuram Rajan kept the benchmark repurchase rate at 8%. However, the RBI reduce the liquidity provided under the export credit refinance (ECR) facility from 32% of eligible export credit outstanding to 15% with effect from October 10, 2014, RBI said in a statement.
Kotak Mahindra Bank and Federal Bank from banking sector are up 1% each, while Axis Bank and Bank of India down 1% each on the National Stock Exchange (NSE).
Bank Nifty was marginally 0.10% down at 15,459 at 1130 hours after the policy announcement. The index touched high of 15,560 in early noon deals.
Eicher Motors, Bajaj Auto and Maruti Suzuki India from auto and HDIL, Phoenix, Delta Corp and Sobha Developers from realty are trading higher between 1-6% on NSE.
Governor Raghuram Rajan kept the benchmark repurchase rate at 8%. However, the RBI reduce the liquidity provided under the export credit refinance (ECR) facility from 32% of eligible export credit outstanding to 15% with effect from October 10, 2014, RBI said in a statement.
