Here's how rate sensitive stocks have performed since the last RBI policy

Rate sensitive stocks are in focus ahead of the outcome of RBI Monetary Policy Committee’s (MPC) decision later today. Since the last policy annoucement on february 7, Nifty Realty and Nifty Bank indices have slipped 7.7% and 6% respectively, as compared to 3.3% fall in the Nifty50 index in the same period. Nifty Auto, however, was flat during the same time.

The first RBI Policy of FY19 is expected to be a non-event. The six-member MPC is widely expected to keep the repo rate unchanged at 6 per cent on Thursday.

According to Madan Sabnavis, chief economist at CARE Ratings,"The policy review is in the backdrop of higher economic growth, moderation in inflation, increase in bank credit growth, lower bank deposits growth, tight liquidity conditions and increasing GSec yields in FY18. Prospects of interest rate hikes by US Federal Reserve, European Central Bank and Bank of England will also limit the chances of RBI going in for a rate cut."

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