Rate-Sensitive Stocks: Banking, financial, realty, and auto stocks trade mixed bag as RBI keeps repo rate unchanged
Among banking stocks, HDFC Bank, Federal Bank, State Bank of India, and AU Bank were trading higher on BSE, while IDFC First Bank, Bank of Baroda, Axis Bank, and ICICI Bank were down. Among auto stocks, Tata Motors, Samvardhana Motherson International, Mahindra and Mahindra, and Ashok Leyland were trading higher, while Bharat Forge, Eicher Motors, Bajaj Auto, Maruti Suzuki, and Hero MotoCorp were down.
Rate-Sensitive Stocks: Rate-Sensitive Stocks: RBI governor Shaktikanta Das-led monetary policy committee (MPC) maintained the repo rate unchanged at 6.50 per cent. This is the ninth time when the central bank has kept the rate unchanged. Amid such a scenario, here's how interest rate-sensitive stocks such as banking, financial services, auto, and realty have been performing today (August 8, 2024).
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Banking sector: SBI, HDFC Bank, Federal Bank of India rise
Among banking stocks, HDFC Bank, Federal Bank, State Bank of India, and AU Bank were trading higher on BSE, while IDFC First Bank, Bank of Baroda, Axis Bank, and ICICI Bank were down.
Auto stocks: Tata Motors, Mahindra and Mahindra jumps; Bajaj Auto and Maruti Suzuki down
Among auto stocks, Tata Motors, Samvardhana Motherson International, Mahindra and Mahindra, and Ashok Leyland were trading higher, while Bharat Forge, Eicher Motors, Bajaj Auto, Maruti Suzuki, and Hero MotoCorp were down.
Financial Services Stocks: HDFC AMC, PFC, ICICI Lombard up; ICICI Pru, SBI Life, Bajaj Finance down
Among financial services stocks, HDFC AMC, PFC, LIC Housing Finance, HDFC Bank, ICICI Lombard General Insurance Company, and State Bank of India were rising, while ICICI Prudential Life Insurance, SBI Life, Bajaj Finance, and IDFC Limited were down.
Realty Stocks: Prestige Estates, Oberoi Realty rise; DLF, Godrej Properties slip
Among realty stocks, Prestige Estates, Sunteck Realty, Brigade Enterprises Limited, The Phoenix Mills, and Oberoi Realty were trading higher. On the other hand, Godrej Properties, DLF, Mahindra Lifespace Developers Limited, and Sobha were down.