Markets open flat; truncated week ahead

Published: Monday, April 2, 2012, 9:34 [IST]

Markets opened the day relatively steady and on a flat note. The BSE Sensex was seen trading at 17,478 points, up 73.91 points at 9.20 AM IST.

The NSE Nifty was trading at 5306 points up 10.60 points over its previous close. Among the shares that were trading with gains included Reliance Power, Kotak Bank, Sail and Tata Motors. Among the shares that lost ground today were Coal India, BPCL, Reliance and Ranbaxy laboratories.

The week is expected to see just three days of trading, as the markets will remain closed on Thursday for Mahavir Jayanti and on Friday on account of Good Friday. It is thus expected that the market will remain range bound on account of the lesser trading days during the week.

All eyes would now be set of the RBI to see what the country's central bank does with interest rates. It's believed that the RBI will cut the repo rate by 0.25% to spur growth, when it meets for for the Monetary Policy review on April 17, 2012.

GoodReturns.in

Story first published: Monday, April 2, 2012, 9:34 [IST]