For Quick Alerts
For Daily Alerts

    Markets open flat ahead of RBI policy

    Markets open flat ahead of RBI policy
    Markets opened the day virtually unchanged ahead of a key RBI Monetary Policy Review, which could determine which way interest rates move.

    The Sensex was trading higher by 3 points, while the Nifty gained 2 points at 9.30 am IST. Banking stocks were trading marginally higher ahead of the RBI policy and may exhibit volatility as the Monetary Policy unfolds by 11.00 am.

    HDFC Bank, ICICI Bank, State Bank of India were amongst the gainers in early trade. Amongst the stocks that lost ground from the S&P CNX Nifty were Maruti Suzuki, Ambuja Cements, Siemens and ONGC.

    Stocks that gained in early trade included Jaiprakash Associates, Dr Reddy's Laboratories, Mahindra and Mahindra and Bharti Airtel.

    Firstsource Solutions gained marginally despite ICICI Bank cutting its stake in the company.

    BHEL which dropped 6% on Monday following its results continued to drop lower and was down 1%.

    SKS Microfinance dropped 5% following reports that a Rs 34 crores service tax notice was slapped on the company.

    Meanwhile, markets in Asia were trading mixed with the Korean and Taiwanese markets trading higher, while the Japanese and Hong Kong markets declined.

    Read more about: sensex nifty
    Story first published: Tuesday, October 30, 2012, 9:25 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more