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NEW DELHI: After the Reserve Bank of India's monetary policy announcements, rate-sensitive stocks were trading mixed. While banks and other financial stocks were trading lower, auto, consumer durables and realty indices showed decent gains.
BSE Bankex and Finance index lost up to 0.35 per cent as concerns over stress in banks and NBFCs spooked investors.
In its policy statement, RBI announced to expand the coverage of borrowers under resolution framework 2.0 and increased the limit of loans to Rs 50 crore for small businesses and individual loans.
Barring IndusInd Bank, all other constituents of BSE Bankex were trading in the red with Bandhan Bank, Federal Bank, SBI and HDFC Bank losing 1 per cent each.
PNB Housing Finance, Religare Enterprises and Magma Fincorp gained between 5-10 per cent. Index constituents like JSW Holding, Satin Creditcare, Manappuram Finance and ICICI General Insurance company fell up to 3 per cent.
The auto index was in the green, with stocks including Mahindra & Mahindra, Hero MotoCorp and Tata Motors adding up to a percent each, while Bajaj Auto, Eicher Motors and TVS Motors were under pressure.
Real estate stocks were in focus, following Cabinet's approval to the Model Tenancy Act. However, realty stocks were trading mixed with Mahindra Lifespace gaining 3 per cent and Brigade enterprises inching up 1 per cent. Shares of Oberoi Realty, Indiabulls Real Estate declined over 1 per cent each.
As per the RBI’s assessment, evolving Consumer Price Index (CPI) inflation trajectory is likely to be 5.1 per cent in FY 2021-22. The central bank has slashed the real GDP growth rate to 9.5 per cent from 10.5 per cent in the ongoing fiscal.
BSE Bankex and Finance index lost up to 0.35 per cent as concerns over stress in banks and NBFCs spooked investors.
In its policy statement, RBI announced to expand the coverage of borrowers under resolution framework 2.0 and increased the limit of loans to Rs 50 crore for small businesses and individual loans.
Barring IndusInd Bank, all other constituents of BSE Bankex were trading in the red with Bandhan Bank, Federal Bank, SBI and HDFC Bank losing 1 per cent each.
PNB Housing Finance, Religare Enterprises and Magma Fincorp gained between 5-10 per cent. Index constituents like JSW Holding, Satin Creditcare, Manappuram Finance and ICICI General Insurance company fell up to 3 per cent.
The auto index was in the green, with stocks including Mahindra & Mahindra, Hero MotoCorp and Tata Motors adding up to a percent each, while Bajaj Auto, Eicher Motors and TVS Motors were under pressure.
Real estate stocks were in focus, following Cabinet's approval to the Model Tenancy Act. However, realty stocks were trading mixed with Mahindra Lifespace gaining 3 per cent and Brigade enterprises inching up 1 per cent. Shares of Oberoi Realty, Indiabulls Real Estate declined over 1 per cent each.
As per the RBI’s assessment, evolving Consumer Price Index (CPI) inflation trajectory is likely to be 5.1 per cent in FY 2021-22. The central bank has slashed the real GDP growth rate to 9.5 per cent from 10.5 per cent in the ongoing fiscal.
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