NO. CHANGE OF RATE CUT RBI POLICY IN

NO CHANGE IN POLICY  OF RBI RATE CUT NEWS 

After a firm opening, markets turned flat as profit booking in banks, ITC and L&T weighed on the indices. At 0930 hrs, the Nifty was down five points at 6,698 and the Sensex was up nine points at 22,395.

There was some profit booking in midcaps, as the index slipped into the negative territory after a firm opening. Meanwhile, the smallcap index was up 0.2%.

Among the sectoral indices, Consumer Durables, IT and Teck indices gained 1% each. Oil & Gas index added 0.5% while Auto and Health Care indices were marginally up 0.1% each.

Among the ones in red, Capital Goods, Realty and Metal indices slipped by 1% each. Power and FMCG indices gave off 0.4% and 0.3% respectively.

Banking index was down 0.3% ahead of the RBI Policy expected in another couple of hours.

BHEL and Hindalco down 2% along with Tata Steel, HDFC, Coal India and Tata Power down 1% were the prominent losers.

IT majors Wipro, TCS and Infosys up 21-2% were the top gainers.

ONGC, Tata Motors, Bharti Airtel, Dr Reddys Lab, NTPC and Reliance Industries up 0.5-1.2% were the other major gainers.After a firm opening, markets turned flat as profit booking in banks, ITC and L&T weighed on the indices. At 0930 hrs, the Nifty was down five points at 6,698 and the Sensex was up nine points at 22,395.

There was some profit booking in midcaps, as the index slipped into the negative territory after a firm opening. Meanwhile, the smallcap index was up 0.2%.

Among the sectoral indices, Consumer Durables, IT and Teck indices gained 1% each. Oil & Gas index added 0.5% while Auto and Health Care indices were marginally up 0.1% each.

Among the ones in red, Capital Goods, Realty and Metal indices slipped by 1% each. Power and FMCG indices gave off 0.4% and 0.3% respectively.

Banking index was down 0.3% ahead of the RBI Policy expected in another couple of hours.

BHEL and Hindalco down 2% along with Tata Steel, HDFC, Coal India and Tata Power down 1% were the prominent losers.

IT majors Wipro, TCS and Infosys up 21-2% were the top gainers.

ONGC, Tata Motors, Bharti Airtel, Dr Reddys Lab, NTPC and Reliance Industries up 0.5-1.2% were the other major gainers.

It was another day of flat start for the market tracking weak Asian cues with major focus on Reserve Bank of India's monetary policy review later today. At 0916 hrs, the Sensex was down 27 points at 26,569 and the Nifty slipped eight points to trade at 7,951.

However, the broader markets opened in green with the midcap index up 0.1% and teh smallcap index up 0.2%.

Markets trimmed early gains to briefly dip into negative terrain after the RBI kept repo rate and CRR unchanged at its monetary policy review today.

At 11:15AM, the 30-share Sensex was down 5 points at 26,592 and 50-share Nifty was down 4 points at 7,955.

Bank shares were the top losers along with index heavyweights Reliance Industries and Infosys. However, gains in mortgage lender HDFC helped most of the losses post the RBI announcement.

HDFC, L&T, Sun Pharma and Dr Reddy's Labs were the top Sensex gainers while Axis Bank, ICICI Bank, Infosys and Reliance Industires were the top losers.