Share

Sensex, Nifty end on flat note ahead of RBI monetary policy review

The Sensex recorded a intra day high and low at 25, 002.32 and 24,846.24 points respectively.

Advertisement

Finally, the index ended 45.86 points or 0.18 per cent down at 24,824.83.

The 50-share Nifty also moved up by 28.85 points, or 0.38 per cent, to 7,592.40 at 1100 hours. “Despite positive macroeconomic developments, participants failed to muster much cheer and continued to await the outcome of RBI’s monetary policy meet scheduled for tomorrow”, said Shreyash Devalkar, Fund Manager – Equities, BNP Paribas MF.

The key index losers included ICICI Bank by 5.63 per cent, SBIN 3.97 per cent, Maruti 3.60 per cent, Bank of Baroda 2.55 per cent, Axis Bank 2.23 per cent, Hindalco 2.07 per cent and Vedl by 2.02 per cent.

Meanwhile, manufacturing sector returned to growth in January, expanding at a four-month high pace on rise in new business orders, a monthly survey showed on Monday, adding to the expectations of RBI keeping rates unchanged.

Among the S&P BSE sector and industry indices, Healthcare climbed 4.89 percent followed by Consumer Durables 3.58 percent, Metal 3.49 percent, Power 3.31 percent, IT 2.74 percent, FMCG 2.66 percent, Realty 2.14 percent, Oils & Gas 2.04 percent, Teck 2.03 percent, and Auto by 0.92 percent, while Capital goods fell by 1.41 percent and Banking by 0.12 percent.

In the 30-share sensex pack, 17 stocks rose, while the remaining 15 stocks fell during the week.

European stocks were trading in negative terrain in their early trade as disappointing Chinese data dented investor enthusiasm after the last week’s rebound.

The broader markets, however, outperformed with the mid-cap index and small-cap rising up to 0.57 per cent.

Advertisement

Among the gainers were Adani Ports, Coal India, Bharti Airtel, Cipla and Larsen & Toubro.

Indian Stock Futures Advance Before RBI Rate Decision This Week