Rate-sensitive Stocks Gain on Low Retail Inflation
Interest rate-sensitive stocks gained on Tuesday after the CPI inflation slowed to 6.46 per cent, the lowest level since figures were first published in January 2012.
The data may prompt the RBI to cut rates earlier than expected, traders said.
Axis Bank Ltd surged 1.7 per cent, while State Bank of India gained 1.5 per cent.
Mahindra and Mahindra Ltd rose 0.4 per cent and Maruti Suzuki India advanced 0.5 per cent.
Copyright: Thomson Reuters 2014
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