RBI Monetary Policy: Banking stocks surge 245 points; Yes Bank, Federal Bank, SBI, Axis gain big
The impact of policy cut was witnessed in banking stocks, as investors boosted the S&P BSE Bankex by a whopping 245 points with intraday high of 30,949.07 within few minutes of announcement.
The RBI MPC also decided to change the monetary policy stance from calibrated tightening to neutral. Photo: Reuters