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RBI Cuts Repo Rate: Rate-Sensitive Sectors Surge, Nifty Realty Leads Gains
Following RBI’s 25-basis-point rate cut, rate-sensitive sectors like Nifty Realty and Bank Nifty surged, with Nifty 50 closing 0.
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) announced a 25 basis points cut in the repo rate, reducing it to 5.25%. This move, supported by low inflation of 2.2%, drove Indian stock markets higher. Rate sensitive sectors saw strong reactions, with Nifty Bank, Nifty Auto, and Nifty Realty all posting gains. The Nifty Realty index rose 1%, while Nifty Bank and Nifty Auto gained 0.5% each.