Interest rate-sensitive rise in bank, real estate, and car equities
The BSE auto index increased by 2.53% to 56,623.88.
The Reserve Bank of India kept its benchmark interest rate constant on Friday, as anticipated, retaining the focus on inflation in the face of strong economic growth. Interest rate-sensitive auto, real estate, and bank equities ended the day higher.
Mahindra & Mahindra surged 5.83 percent on the BSE, followed by Tata Motors, Apollo Tyres, Ashok Leyland, Maruti, MRF, Hero MotoCorp, Bajaj Auto, TVS Motor, and 0.94 percent. Meanwhile, Apollo Tyres increased 2.97 percent, 0.93 percent, and 0.46 percent.
The BSE auto index increased by 2.53% to 56,623.88.
Demand was also seen in real estate equities, as Sobha, Brigade Enterprises, Macrotech Developers, and Mahindra Lifespace all saw increases of 6.45 percent, 4.96 percent, and 3.51%, respectively.
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