Sensex remains in positive zone after RBI's status quo move

Sensex remains in positive zone after RBI's status quo move

Sensex remains in positive zone after RBI's status quo move

Market breadth was negative with 1,396 advances against 1,061 declines.

The benchmark BSE Sensex fell 0.3%, or 79.68 points, to 31,592.03 while the broader Nifty 50 ended down 0.3%, or 26.20 points, at 9,888.70.

The wider Nifty50 of the National Stock Exchange (NSE) closed below the psychologically important 9,900-mark.

"Until there is some trigger, markets will oscillate within a narrow range", said Jayant Manglik, president, retail distribution, Religare Securities, adding that the bias would be downward as investors feel it is a bit risky to enter the market at higher levels.

European shares took a mixed line in the early session.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,522.17 points, closed at 31,671.71 points - up 174.33 points, or 0.55 per cent.

Indian shares slipped on Thursday after four straight sessions of gains, as investors booked profits in oil refiners amid a lack of fresh triggers after the central bank kept rates unchanged in a move that was widely expected.

A panel set by the Reserve Bank of India (RBI) proposed new requirements that could force lenders to pass interest rate changes to consumers quickly.

On the sectoral front, Energy rose by 1.35 per cent, followed by Metal 1.22 percent, FMCG 1.09 percent, Auto 0.86 percent, IT 0.68 percent, Finance Service 0.61 per cent, Pharma 0.46 per cent and Private Bank 0.36 per cent.

I C I C I Bank (1.54%), Hero Motocorp (1.32%), G A I L (India) (1.25%), Bajaj Auto (0.94%), Axis Bank (0.82%), and State Bank Of India (0.79%) were the major losers in the Sensex.

Lupin, ONGC, Asian Paints, ITC Ltd and Reliance Industries were among those that traded with gains.

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