sprispareng

Among banking stocks, Kotak Mahindra Bank rose as much as 1.23 per cent and Bajaj Auto 1.60 per cent.06 per cent, Federal Bank 2.85 per cent and Bank of Baroda 2.In the realty segment, Godrej Properties gained as much as 1.Last month, the US Federal Reserve raised interest rates by a quarter of a percentage point and signalled that it is on track to raising rates two more times in 2018.32 per cent.39 points.88 per cent.The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, will announce the resolution of the MPC on its first bi-monthly monetary policy for financial year 2018-19 later in the day.

Shares of interest rate-sensitive stocks like auto, banking and realty rallied in morning trade on the bourses ahead of the Reserve Bank of Indias monetary policy decision today.40 per cent, State Bank of India 2.81 per cent, Prestige Estates Projects 3.91 per cent, while Yes Auto spare parts Manufacturers Bank jumped 2.The BSE bank index rose 1.The BSE auto index jumped by 1.75 per cent to a high of 27417.07 per cent, Punjab National Bank 1.71 per cent, Oberoi Realty 2.80 per cent to 25,333..55, up 2281.The outcome of the MPC meeting is being keenly awaited by stakeholders amidst pressure on RBI to cut interest rates in the wake of declining retail inflation and the need to fuel growth momentum.10 points.63 per cent, Tata Motors 3.In the auto pack, Mahindra & Mahindra advanced by 2.The BSE realty index jumped to 2.69 per cent.Experts believe the central bank will have to do a tightrope walk as globally interest rates are inching upwards.