Rate-sensitive stocks mixed after RBI policy announcement; banks fall, realty stocks in the green

In the banking space, most stocks were in the red with Bandhan Bank, IDFC First Bank, Punjab National Bank, HDFC Bank, SBI, and RBL Bank down 1-2 percent. Meanwhile, financials including Power Finance Corporation, REC, HDFC, ICICI Prudential, M&M Finance and Bajaj Finance were trading in the green.

Among other financials, ICICI General Insurance and Cholamandalam Finance were in the red, around half a percent lower.

In the auto space, M&M, Motherson Sumi, MRF and Hero MotoCorp were up 0.5-1 percent while Phoenix Mills, Brigade Enterprises, Godrej Properties, Sunteck Realty and Prestige Estates from the real estate sector were up in the range of 0.5 percent to 2 percent.

"The announcement of G-SAP 2.0 to the tune of Rs 1.2 lakh crore will ensure adequate liquidity in the system. On tap liquidity window for contact intensive sectors is an unconventional measure to mitigate the sufferings of segments like hotels, restaurants, tourism, bus operators, beauty parlours, saloons etc. Upward revision of inflation rate will raise bond yields marginally in the short run," said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.