How rate-sensitive stocks fared after RBI status quo

Rate-sensitive stocks were in focus on Thursday after the RBI's Monetary Policy Committee (MPC) kept the key interest rates on hold. A slew of stocks from the banking, financial services, real estate and consumer goods space saw buying interest.

RBI Governor Shaktikanta Das said the MPC voted unanimously to keep the repo rate unchanged at four percent, and maintained the reverse repo rate at 3.35 percent. Repo rate is the rate at which the RBI lends money to commercial banks, whereas reverse repo rate is one at which it borrows funds from them.

The Monetary Policy Committee voted 5:1 to continue with its 'accommodative' stance "for as long as necessary to revive growth on a sustainable basis", Das said.

Rate-sensitive stocks largely in positive territory after RBI announcements. The Nifty Bank and the Nifty Financial Services indices rose 1-1.2 percent. The Nifty Auto gauge recovered most of its intraday losses to finish the day down 0.1 percent. The consumer durables index edged up 0.1 percent.

Here's how some of the key rate-sensitive stocks fared: