DLF, M&M, Bajaj Finance: Realty, auto stocks trade lower after RBI maintains status quo on repo rate; financials muted

The governor said that the monetary policy committee (MPC) of the RBI maintained the status quo on the repo rate at 5.50% after three consecutive reductions totalling 100 basis points.

The six-member panel, headed by Malhotra, started the three-day deliberation on the monetary policy on Monday (August 4).

Last seen, the BSE REALTY index was trading 1.70% lower at 6,930.18 levels. The top contributors to the index's loss were DLF (down nearly 2%), Prestige Estates (down nearly 2.5%), and Lodha Developers (down 1.71%).

The BSE AUTO index was trading at 53,119.41 levels, down 0.46%. The top contributors to the index's loss were M&M, Hyundai, and Bosch.

The BSE BANKEX, however, was trading in the green. The index quoted 0.32% higher at BSE levels. The top gainers on the index were Kotak Mahindra Bank (up nearly 1%), ICICI Bank (up 0.42%), and SBI (up 0.23%).

On the NSE, the NIFTY Bank index was trading flat at 55,354.50.

The BSE Financial Services was down 0.03% at 12,442.64 levels. The top contributors to the index muted show with a negative bias were Bajaj Finance (down 0.8%) and Jio Financial Services (down 0.69%).

Commenting on the RBI decision, Chintan Panchmatya, Founder, Switch My Loan, said, “With the RBI deciding to hold the repo rate steady at 5.50% and maintain its ‘Neutral’ stance, credit demand will likely sustain momentum into the festive season."

"After a cumulative 100 bps easing earlier in FY26, this ‘dovish pause’ lets households and businesses absorb rate cuts made so far. We expect segments like consumer durables, cars, personal, and home loans to remain resilient amid stable borrowing costs," Panchmatya added.

He further said the Monetary Policy Committee (MPC) unanimously decided to keep the short-term lending rate, or repo rate, unchanged at 5.5 per cent with a neutral stance.