New Delhi, Dec 6 (PTI) Rate-sensitive stocks such as

banking, realty and auto ended in the negative today after the

RBI kept the policy unchanged leaving little scope for banks

to lower interest rates on housing and auto loans.

The 6-member Monetary Policy Committee (MPC), headed by

Reserve Bank of India (RBI) Governor Urjit Patel, in its 5th

bi-monthly review for the current fiscal, kept repo rate

unchanged at 6 per cent and reverse repo at 5.75 per cent.

Following the announcement, stock of Kotak Mahindra Bank

today settled down 0.06 per cent while Yes Bank declined 0.76

per cent, State Bank of India 2.21 per cent, Federal Bank 0.23

per cent, Punjab National Bank 2.24 per cent and Bank of

Baroda 2.27 per cent.

The BSE bank index finished at 28,110.49, down 1.23 per

cent.

India Inc has been demanding a lower interest rate to

further build on positive sentiment generated by the economic

rebound and upgrade of the country’s sovereign rating by

Moody’s.

In realty play, Godrej Properties declined 1.55 per cent,

Prestige Estates Projects 2.24 per cent, Oberoi Realty 0.62

per cent.

The BSE realty index closed at 32,597.18, down 0.63 per

cent.

“After the in-line RBI policy, Indian market shifted its

focus towards the global market, which was under the negative

trend. But given that interest rates are unlikely to reduce at

least in the near to medium term, rate-sensitive stocks slid

due to rising oil prices and concern over fiscal slippage,”

Geojit Financial Services Head of Research Vinod Nair said.

In the auto pack, Mahindra & Mahindra skidded 1.37 per

cent, Tata Motors 1.38 per cent and Bajaj Auto 1.65 per cent.

The BSE auto index settled lower by 0.73 per cent at

24,591.

This is published unedited from the PTI feed.