10 rate-sensitive stocks that fell most after RBI rate cut

A 25 basis points rate cut by the Reserve Bank of India (RBI) on Tuesday failed to cheer the interest-sensitive sectors.
At 12.05 pm, BSE Bankex, BSE Realty, BSE Auto and BSE Capital Goods were trading 1.55 per cent, 1.26 per cent, 0.82 per cent and 0.75 per cent, lower than their previous close.
10 rate-sensitive stocks that dipped the most after the rate cut:

• IndusInd Bank: Down 2.38 per cent to Rs 861.70, closed at Rs 4.34.
• Canara Bank: Down 2.06 per cent from its previous close. Shares closed at Rs 326.35
• Bank of Baroda: Down 1.91 per cent at Rs 162.10, closed at Rs 160.20.
• Hero MotoCorp: Down 3.08 per cent at Rs 2,626 (added pressure from lower-than-expected May sales), closed at Rs 2607.85.
• Eicher Motors: Down 1.29 per cent at Rs 18,542, closed at Rs 18,138.50
• Prestige Estates Projects: Plunged over 5 per cent to Rs 265, closed at Rs 258.25.
• Sobha Ltd: Fell 2.56 per cent to Rs 11.10, closed at Rs 415.
• Indiabulls Real Estate: Dipped 2.29 per cent to Rs 57.60, closed at Rs 55.10.
• Bharat Electronics: Down 1.81 per cent at Rs 3,542, closed at Rs 3,473.25.
• Carborundum Universal: Slid 1.60 per cent to Rs 160, closed at Rs 158.95.

"RBI has announced an expected 25 basis point cut while keeping the CRR unchanged. Anticipation of 25 basis points rate cut was already factored in by the market in the past few trading sessions. Profit booking puts pressure on rate sensitive stocks on Tuesday," says G Chokkalingam, founder, Equinomics Research & Advisory.
In the previous 16 trading sessions, the key benchmark index Sensex has jumped around 3 per cent to 27,848 on June 1.
"RBI has cut policy rates by 25 basis points in line with our and consensus expectation, RBI indicated that more easing will be contingent on monsoon performance and governments acts to control inflation in future. RBI has reasoned Tuesday's rate cut to weak investment activity and lower demand impinging on economic outlook," says Kunal Shah, fund manager, Debt, Kotak Mahindra Old Mutual Life Insurance.