Real estate and banking stocks declined on Tuesday after the central bank retained key policy rates. The RBI has kept repo and reverse repo unchanged at 7.50% and 6.50% respectively. Meanwhile, cash reserve ratio and statutory reserve ratio kept unchanged at 4% and 21.5% respectively.
BSE Realty index went down 1.62% on Tuesday. DLF declined the most with a fall of 2.99%, followed by Indiabulls Real Estate (2.76%), Unitech (2.56%), Anant Raj (1.88%), Godrej Properties (1.34%) and Housing Development and Infrastructure (HDIL) (0.23%).
Meanwhile, BSE Bankex fell 0.71%. Indian Bank dropped the most with a fall of 2.07%, followed by Central Bank of India (1.80%), Axis Bank (1.69%), Oriental Bank of Commerce (1.32%), ICICI Bank (1.20%) and Union Bank of India (1%).