Indian shares continued to trade cautiously in morning trades ahead of the Reserve Bank of India’s polcicy announcement tomorrow amid fear the central bank may maintain status-quo and wait until January before cutting interest rates.
At 10:15AM, the Bombay Stock Exchange’s Sensex index rose 16 points and traded .
Technology, consumer durables and fast moving consumer goods indexes led fall while metal , automobiles, health care sector led gains on BSE.
Among key Sensex stocks, the laggards include Bharti Airtel falling 1%, ITC declined 0.6% and Tata Consultancy Services, Wipro fell 1% each in technology space while among gainers Maruti Suzuki rose 2.3% and Hindalco rose 2%, Sterlite Industries gained 1% in metal space.
Among other notable movers, Fortis Healthcare has rallied 7% at Rs 117 after the company announced to divest 64% stake in Dental Corporation Holdings (DC), Australia to Bupa, for a consideration of for 270 million Australian dollars (around Rs 1,554 crore).
Honeywell Automation of India surged 13%. Wheels India has rallied almost 9% to Rs 967