Stocks in the rate sensitive sectors like banking, auto and real estate responded positively to the Reserve Bank of India's decision to keep the key repo rate unchanged at 6.5% which allowed the bulls to take further control of the D-Street for the second successive session on Friday.
Nifty Bank was up by 0.52% or 231 points and was trading at 44,444.50 around 11 am with all 12 stocks in the index trading in the green. The top gainer was Bank of Baroda (B0B) was up 1.4% and was followed by IndusInd Bank (1.15%) and Bandhan Bank (0.90%). Others including State Bank of India (SBI), Punjab National Bank (PNB), AU Small Finance Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, HDFC Bank, IDFC First Bank and Federal Bank were up between 0.90% and 0.25%. The Nifty PSU Bank was also up by over 1%.
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