Financials, auto lead India's stock benchmarks higher after RBI cuts repo rate
India's stock benchmarks, led by financials and auto stocks, rose after the RBI cut the repo rate by 25 basis points. The Nifty increased by 0.25% and the Sensex by 0.23%. Financials rose 0.5%, banks and auto stocks gained 0.3%, and realty stocks increased by 0.8%. Small-caps fell 0.6%, while mid-caps remained flat.