Sensex ends flat ahead of RBI policy meet

January 28, 2013 04:26 pm | Updated 04:26 pm IST - Mumbai

The BSE benchmark Sensex on Monday ended flat as investors turned cautious and shifted their funds in banking and interest-sensitive stocks ahead of RBI policy meeting on Tuesday.

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.

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.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.