The Reserve Bank of India will be announcing its decision on interest rates on April 9 after a 2-day long deliberation. While the consensus is that RBI may cut rates by another 25 bps, rate sensitive stocks like banking, real estate and autos are going to be in focus.

Here is a look at some of the key sectors and the top stocks in that space-

Banking Sector on the radar

The banking stocks are on the radar ahead of the RBI Policy announcement tomorrow. The development on US tariff policies, along with the expectation from RBI monetary policy outcome and Q4 earnings season are the big triggers for the banking stocks.

Nifty Bank Index

The Nifty Bank Index has made a strong comeback, up over 1% in trade today after the sharp nearly 2% drop in the past two sessions. Between the last policy and now, the Bank Index has corrected almost 6%. Some of the top performers today include-

That apart several NBFCs too would be in focus including one of the the Nifty top gainers today, Shriram Finance, Bajaj Finance, Jio Financial. SBI Cards, Bajaj Finserv, Bajaj Housing Finance, LIC Housing Finance and many others.

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Auto Sector on the radar

The auto stocks have been in focus for a host of reasons including Trump tariff impact and the EV Policy by the Government. They will be also in focus as the RBI’s interest rate decision will have a direct bearing on how accessible two-wheeler and car loans become for consumers. Easy accessibility of loans and easier interest rates would also mean that car sales and two-wheeler sales will see a fillip.

Nifty Auto Index

The Nifty Auto Index also clocked over 1% gains today but has declined nearly 16% between last Policy and now. Some of the top performers today include-

Tyre makers like Balkrishna Tyres and MRF are also rallying on hopes of higher auto sales. Higher auto sales would also translate into greater demand for tyres.

Real Estate Sector on the radar

The other key sector that’s on the radar is the real estate sector. The easier access to liquidity, lower interest rates would augur well for the real estate sector too as that would translate into more sales of houses. RERA-driven consolidation is throwing up growth opportunities for organised players.

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Nifty Realty Index

Nifty Realty Index rallied as much as 2.5% today. It is down a whopping 28% from the last policy to now.

Some of the top performers today include-

The RBI has been on an easing trajectory and most economists expect aropund 75 bps rate easing this year including tomorrow. The RBI’s stance on CRR will also be keenly watched by the market. Any move on the liquidity front will also be a sentimental booster for the overall market.