The major Indian equity benchmarks started the day near to the point where it closed yesterday, after the Reserve Bank took a hawkish stance in its macroeconomic survey released yesterday. Practically markets were trading at the same levels as they are waiting for the RBI credit policy review announcement. No market participant is interested in increasing their commitment . Thus markets are lack lusture. All the activities will start post the announcement only. The market is expecting a twenty five basis point rate cut. This led the Sensex to trade near the level of 20070.09 i.e. down by 33.26 points & the Nifty to trade near the level of 6068.8 i.e. down by 6.00 points. The midcap index and the small cap index are trading in green with the gain of one – tenth of a percentage point each. On the sectoral front the indices are trading mixed but more with negative bias. Health Care Index is the biggest gainer with the gains of four-tenth of a percentage point . On the other hand Consumer Durables Index is the biggest looser with the loss of nine- tenth of a percentage point. Further, the market breadth is neutrally placed as one stock is seen advancing against each declining stock.
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