Rate-sensitive auto, realty stocks surge up to 3%, banks decline after RBI MPC cuts repo rate

Stocks in rate-sensitive sectors reacted mixed to the Reserve Bank of India’s (RBI) decision to cut the repo rate by 25 basis points to 6.25% for the first time in nearly five years.
While auto and real estate stocks surged up to 3%, banking and financial stocks fell nearly 1.5%.Among auto…