Markets ends with mild gains, RBI policy decision eyed

Investors will adopt a cautious approach ahead of RBI monetary policy outcome on Thursday.

New Delhi: Markets ended the day with mild gains on Tuesday as the three-day RBI monetary policy review meet started today.

Sensex ended 34.07 points or 0.09 percent higher at 36,616.81 while Nifty rose 22.10 points or 0.20 percent to 10,934.35.

The RBI is scheduled to announce its sixth bi-monthly policy review for the fiscal on February 7. It would be the first Monetary Policy Committee meeting under RBI Governor Shaktikanta Das, who took charge in December 2018 following exit of Urjit Patel.

Hero MotoCorp, IndusInd Bank, Bajaj Auto, Maruti and M&M were the top gainers, in the Sensex pack, rising up to 2.66 percent. While bucking the trend, Tata Motors, Coal India, ONGC, Tata Steel, Yes Bank, Sun Pharma, ITC and ICICI Bank fell up to 2.63 percent.

On a net basis, foreign portfolio investors (FPIs) sold shares worth a net of Rs 112.13 crore Monday, and domestic institutional investors (DIIs) were net sellers to the tune of Rs 65.22 crore, provisional data available with BSE showed.

With PTI Inputs