Press Esc to close

Sensex ends flat ahead of RBI policy meet

Mumbai, Jan 28, 2013, (PTI) : 17:13 IST
The BSE benchmark Sensex today ended flat as investors turned cautious and shifted their funds in banking and interest-sensitive stocks ahead of RBI policy meeting tomorrow.

The Sensex commenced higher at 20,172.45 and dipped to 20,062.79 before ending 0.18 point lower at 20,103.35. The index had gained 180 points in the previous session.

The wide-based National Stock Exchange index Nifty ended up 0.15 point to 6,074.80, after moving between 6088.40 and 6061.40.

Brokers said investors were cautious and picked up banking and interest-sensitive realty and auto stocks on expectations of an interest rate cut by the Reserve Bank of India in its policy review tomorrow.

They said the market was partly supported on a better trend in the Asian region and higher opening in Europe as investors awaited reports on the US durable goods orders and pending house sales.

In 30-BSE index components, 15 stocks gained while 15 declined.

The realty sector index gained the most by 1.84 per cent to 2,223.76 followed by auto index by 1.03 per cent to 11,185.31 as Maruti Suzuki rose 0.44 per cent to 1,607.25 on attractive quarter earnings and Tata Motors by 2.49 per cent to Rs 308.55.

Banking index rose by 0.68 per cent to 14,663.58 on expectation that RBI would probably cut the benchmark rate by 25 basis points to 7.75 per cent. On the other hand, a weak tend in oil and gas, consumer durable, capital goods, power and healthcare sectors kept the market under pressure to settle at almost flat.

Go to Top

More from this section
Most trending stories
Photo Gallery
BJP supporters during a BJP campaign rally attended by Prime Minister Narendra Modi...

BJP supporters during a BJP campaign rally attended by Prime Minister Narendra Modi...

Canadian Prime Minister Justin Trudeau with his son Hardien walks towards...

Canadian Prime Minister Justin Trudeau with his son Hardien walks towards...

Rolls-Royce Asia Pacific Regional Director Paul Harris at the launch of eight generation...

Rolls-Royce Asia Pacific Regional Director Paul Harris at the launch of eight generation...

Pigeons fly over the historical Jama Masjid in New Delhi...

Pigeons fly over the historical Jama Masjid in New Delhi...

BJP MP Hema Malini addresses a press conference regarding Braj Holi Rasotsav...

BJP MP Hema Malini addresses a press conference regarding Braj Holi Rasotsav...

Inmates of Netaji Subhash Chandra Bose central jail perform a tribal dance...

Inmates of Netaji Subhash Chandra Bose central jail perform a tribal dance...

A view of Sunder Nursery at Hazrat Nizamuddin in...

A view of Sunder Nursery at Hazrat Nizamuddin in...

Mahila Congress activists make 'pakodas' to protest against alleged unemployement...

Mahila Congress activists make 'pakodas' to protest against alleged unemployement...

Canadian Prime Minister Justin Trudeau and First Lady Sophie Grgoire greet visitors...

Canadian Prime Minister Justin Trudeau and First Lady Sophie Grgoire greet visitors...

Gold medalist Mariama Jamanka of Germany gets lifted by silver medal winner Lauren Gibbs...

Gold medalist Mariama Jamanka of Germany gets lifted by silver medal winner Lauren Gibbs...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.