RBI Policy, April 8 -- Interest rate-sensitive sectors soared after the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) unanimously kept the repo rate unchanged at 5.25% and retained its neutral stance, as widely expected by the markets amid the ongoing US-Iran war.

Overall, the Indian stock markets also witnessed a broader rally, with the benchmark indices Sensex and Nifty 50 soaring over 3.5% each after the US and Iran agreed to a two-week ceasefire deal, leading to a rally in global markets. Meanwhile, a sharp fall in crude oil prices as well as the dollar also aided the sentiment on Dalal Street. The ceasefire deal is expected to halt the American-Israeli military attacks in exchange for Tehran reopening the Strait...