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 RBI's 25 bps repo rate cut to 6.25%. Auto and real estate stocks surged, with gains of up to 3%, led by Apollo Tyres, Ashok Leyland, M&M, and Godrej Properties. However, banking and financial stocks fell by nearly 1.5%, with Bajaj Finance, SBI, Axis Bank, and ICICI Bank leading the declines.