Banks, rate-sensitive sector shares decline

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Key Points

The Bank Nifty snapped its four-day winning streak to slip below 44,000..

The gauge of top banking stocks settled at 43,995.25, down 277.05 points or 0.63% from the previous close.AgenciesDuring Thursday's policy announcement, RBI warned that a durable fall in inflation is still a long way off as the headline inflation remained above its target of 4%...

Mumbai: Shares of banking and rate-sensitive sectors retreated in a late sell-off on Thursday as traders digested the policy decision by the Reserve Bank of India (RBI) after the central bank reiterated its decision to leave interest rates unchanged "is not a pivot but only a pause"...

Banking stocks took a breather as traders squared off bullish bets due to weekly options expiry, halting the rally after the Bank Nifty made fresh highs last week...

Shares of real estate and automobiles companies saw bigger cuts following the policy announcement, dragging benchmark indices lower and halting their march towards all-time highs after a four-day winning streak..

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