Auto, realty stocks firm as RBI keeps repo rate unchanged
Nifty Pharma index stood as the top gainer among the sectoral indices, with gains of 2 per cent.
By ETMarkets.com |
NEW DELHI: Auto and realty stocks remained firm on Wednesday after the Reserve Bank of India maintained status quo in its fourth bi-monthly monetary policy review to keep the repo rate unchanged at 6 per cent.
The committee left cash reserve ratio (CRR) unchanged at 4 per cent, but cut the statutory liquidity ratio (SLR) requirement by 50 basis points to 19.5 per cent.
Auto majors such as Tata Motors, Mahindra & Mahindra, Bharat Forge, Bosch, Ashok Leyland and Bajaj Auto ended Wednesday's session in the green.
However, Apollo Tyres, Motherson Sumi Systems, Eicher Motors and Maruti Suzuki settled in the red.
On the other hand, Godrej Properties, Prestige Estates Projects, Indiabulls Real Estate and Oberoi Realty closed in the green, whereas Sobha and HDIL settled in the red in the realty space.
The overall market remained up. Sensex closed 174 points up at 31,672, while Nifty settled 55 points up at 9,915 on Wednesday.
Nifty Pharma index stood as the top gainer among the sectoral indices, with gains of 2 per cent. Cadila Healthcare surged up to 5 per cent in the Nifty Pharma index.
Reliance Industries, Sun Pharma, Aurobindo Pharma, Dr Reddy's, Hindustan Petroleum Corporation and Tata Motors stood as the top gainers in the Nifty50 index.
Bharti Airtel, ICICI Bank, HDFC Bank, Eicher Motors and Axis Bank settled at the bottom in the index.
The committee left cash reserve ratio (CRR) unchanged at 4 per cent, but cut the statutory liquidity ratio (SLR) requirement by 50 basis points to 19.5 per cent.
Auto majors such as Tata Motors, Mahindra & Mahindra, Bharat Forge, Bosch, Ashok Leyland and Bajaj Auto ended Wednesday's session in the green.
However, Apollo Tyres, Motherson Sumi Systems, Eicher Motors and Maruti Suzuki settled in the red.
On the other hand, Godrej Properties, Prestige Estates Projects, Indiabulls Real Estate and Oberoi Realty closed in the green, whereas Sobha and HDIL settled in the red in the realty space.
The overall market remained up. Sensex closed 174 points up at 31,672, while Nifty settled 55 points up at 9,915 on Wednesday.
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Nifty Pharma index stood as the top gainer among the sectoral indices, with gains of 2 per cent. Cadila Healthcare surged up to 5 per cent in the Nifty Pharma index.
Reliance Industries, Sun Pharma, Aurobindo Pharma, Dr Reddy's, Hindustan Petroleum Corporation and Tata Motors stood as the top gainers in the Nifty50 index.
Bharti Airtel, ICICI Bank, HDFC Bank, Eicher Motors and Axis Bank settled at the bottom in the index.
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