Sensex, Nifty End Lower Ahead of RBI credit Policy

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The Sensex and the Nifty ended the day lower trade after witnessing heavy volatility through the day. The Sensex moved in between gains and losses and finally ended the day with losses of 60 points.

Leading the set of gainers from the Nifty were stocks like Hindalco, Wipro, DLF, Larsen and Toubro and Tata Motors. Stocks that lost ground in trade were Bharti Airtel, Dr Reddy's, Hindustan Unilver and ITC.

Sensex, Nifty End Lower Ahead of RBI credit Policy
Sensex28,193.47Sensex Quote116.29 [0.41%]
Nifty8,719.40Nifty Quote26.35 [0.30%]
Shares in HDFC and HDFC Bank saw a smart recovery in trade in aftermoon deals. ICICI Bank which reported a poor set of numbers continued to see sellers in the counter.

Shares in Sun Pharma and Ranbaxy gained ground in trade after both the companies announced that they had received nod for merger of their companies.

Mid cap stocks also saw a rally in trade with stocks like Bharat Forge gaining ground after the company reported a good set of results. Other stocks that gained ground in trade were Unitech, UPL and Voltas.

Banking stocks were marginally higher ahead of the RBI's Monetary Policy to be held later tomorrow. PSU banking stocks like Bank of Baroda lost ground, while Punjab National Bank and State Bank of India ended the day flat.

Meanwhile, markets across Asia ended the day with losses while most of Europe was trading higher on hopes of a debt deal with Greece.

Read more about: sensex, nifty
Story first published: Monday, February 2, 2015, 14:22 [IST]
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