New Delhi, Oct. 7 -- Shares of interest-rate-sensitive sectors traded mixed in Wednesday's intraday session after the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) unanimously raised the repo rate by 25 basis points to 5.5 per cent from 5.25 per cent.
Banking and financial stocks emerged as relative outperformers, with the Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services indices trading up to 1 per cent higher. The gains came even as the benchmark Nifty 50 fell 0.38 per cent.
Financial-sector indices had initially declined by up to 1 per cent earlier in the session amid weak global market cues, but recovered after the RBI policy announcement.
In contrast, automobile and real estate stocks came u...