DLF, Indiabulls Real Estate, HDIL, YES Bank, Union Bank of India and Maruti Suzuki are down 4-12% on NSE.
A fall presents an opportunity to buy rate-sensitive stocks.
Experts, however, caution that though the moves are positive for the sector as a whole, they don't expect much gain in the near-term.
The market direction will be guided by corporate earnings, especially the oil & gas companies, since they were responsible for earnings disappointment in the past quarter as well.
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