Indices Start On A Subdued Note Ahead Of RBI MPC Outcome

Indian indices in line with their peers started on a weak note ahead of the RBI MPC meet outcome. At the start, Sensex was up just 35 points, while Nifty in a matter of time was dragged lower to 14682 levels. Broader markets however performed better with Nifty Midcap 100 were up 0.18 percent.

Individually, among top Nifty gainers are stocks like Adani Ports, RIL, while losers include HDFC Bank, Larsen and Toubro, Bajaj Finance and Axis Bank among others.
Also, rate sensitive stocks including bank, auto and realty stocks will be in focus.

Nonetheless amid uncertainty posed due to rising coronavirus cases, interest rates are likely to be kept static.

Jio has inked agreement with Bharti Airtel for acquiring the right to use spectrum in the 800 MHz band in AP, Delhi and Mumbai circles via spectrum trading.

Wonderla Bangalore announced the closure of water rides effective from April 7 till further notice as per the government directive.

Barbeque Nation's Rs. 453 crore IPO will see its listing on the bourses today. The issue which was sold for Rs. 498-500 per share was subscribed as much as 6 times.

Meanwhile, Asian markets were trading mixed after the US markets in overnight traded retreated lower, while Nikkei traded higher, Straits Times and Hang Seng were down.

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