Markets traded with moderate gains today, ahead of the Reserve Bank of India’s review of the monetary policy. The Sensex advanced over 45 points at 16797 while Nifty jumped nearly 10 points at 5056. The rate sensitive sectors were seen trading in the red with Realty, Auto and Banking posting the biggest losses. The opinions for RBI’s stance in todays monetary policy meet are mixed. While some feel that the RBI may cut cash reserve ratio (CRR), others feel that for now the central bank will maintain a status quo with a dovish outlook. The market breadth was neutral with one stock advancing for every single decline.
(Pic. Source- bseindia.com)
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