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Nifty quiet ahead of RBI policy

Choppy markets

Markets have seen flat trades even as profit booking has been seen in banks, ITC and L&T weighed on the indices.

The NSE Nifty was down by 5 points at 6,698 and the BSE Sensex was up by 9 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.



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