The policy was a non-event for other rate-sensitive sectors like banks and auto. Nifty Bank was up by 0.40% at 48,242,on account of gains in HDFC Bank.
Get latest articles and stories on Latest News at LatestLY. Interest rate-sensitive realty stocks jumped on Friday after the Reserve Bank of India (RBI) kept the benchmark interest rate unchanged at 6.5 per cent. Latest News | Realty Stocks Jump After RBI MPC Meet.
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This is giving undue advantages to air cooling solutions players discounting the higher demands in Q1FY25 sales. Over the medium-term, demand outlook we expect a higher 2 digit sales growth can be reported due to warning headlines, said Prashanth Tapse, Mehta Equities Ltd.