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Markets Trade Flat; All Eyes On RBI Monetary Policy

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Benchmark indices opened the day marginally lower in trade, ahead of RBI's Monetary Policy decision later at 11.45 am. Most Asian markets were trading mixed while Dow Futures pointed lower, after yesterday's sharp rally.

The Sensex was trading with losses of 8 points, while the Nifty opened lower by 2 points. Shares in India Bulls Housing dropped more than 4 per cent, following a tepid set of results. Net profits at the company dropped on a quarter-on-quarter basis. The shares were last trading at Rs 494, against previous closing of 514.

Markets Trade Flat; All Eyes On RBI Monetary Policy
 

Shares in Central Bank surged more than 7 per cent, following a superb set of quarterly numbers. Net Profits at the bank was placed at Rs 118.3 crore against loss of Rs 1,522.2 crore. The net interest income of the bank too surged.

Shares in Avenue Supermarkets was weak, following reports that Radakishan Damani might sell shares to meet the minimum shareholding norm.

IRB Infrastructure surged 4 per cent, following a good set of quarterly numbers.

Meanwhile, Asian markets were mostly lower, as Dow Futures pointed to a lower opening. The Japanese Nikkei was down 0.69 per cent, while the Hong Kong's Hang Sang was down more than 0.50 per cent.

The next cue for the markets would be the RBI policy to be delivered at 11.45 am.

GoodReturns.in

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