Sensex, Nifty trade flat ahead of RBI policy

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Indian markets were trading flat ahead of the RBI's Monetary policy Review later in the day. The BSE benchmark Sensex was trading 14 points higher as funds and investors made selective buying ahead of RBI policy meeting.

The 30-share barometer gained 14 points, to 19,192 with stocks of healthcare, IT, oil and gas and capital goods leading the rise. The Sensex had gained 350.77 points in the previous session as slowing wholesale inflation and strengthening rupee revived hopes of rate cut by RBI.

The wide-based National Stock Exchange index Nifty up by 1 points, 5,808. Brokers said fresh buying by participants before the Reserve Bank of India's policy meeting today, mainly attributed rise in stock prices. Besides, a firming trend in the Asian region also supported the upside, they said. In the Asian region, Hong Kong's Hang Seng index gained 0.18 per cent, Japan's Nikkei up by 1.20 points in early trade today today. The US Dow Jones Industrial Average ended 0.70 per cent lower in the previous session on Friday.

With inputs from PTI

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