Markets open flat; Investors cautious ahead of key RBI announcement
Ahead of the Reserve Bank of India (RBI) bi-monthly monetary policy review, the Indian equities markets opened on flat note on Wednesday.
Mumbai: Ahead of the Reserve Bank of India (RBI) bi-monthly monetary policy review, the Indian equities markets opened on flat note on Wednesday.
Investors are cautious ahead of the key RBI announcement, and expect the central bank to ease its key lending rates.
The key Indian indices traded marginally in green during the early morning trade session, as healthy buying was witnessed in oil and gas, automobile and metal stocks.
The 30-share index rose 77.17 points, or 0.29 per cent, to 26,469.935, with sectoral indices - auto, realty, banking, oil & gas and power -- trading in the positive zone with a gain of up to 0.72 per cent.
The gauge had rallied 162.10 points in the previous two sessions.
The NSE Nifty too added 27.55 points, or 0.33 per cent, at 8,170.70.
On Tuesday, the equity markets closed on a flat note as profit booking and caution ahead of key global events capped gains.
The barometer index was up 43.66 points or 0.17 per cent, while the NSE Nifty rose by 14.40 points or 0.18 per cent.