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Sensex, Nifty trade on a mixed note; focus on RBI policy outcome

The Sensex was trading 30 points higher at 38,907 levels and the Nifty gained 16 points at 11,659 levels.
Equity benchmarks were oscillating between gains and losses on Thursday tracking its Asian peers as investors are waiting for the Reserve Bank of India (RBI) to release its policy statement later today.

The Sensex was trading 28 points higher at 38,905 levels and the Nifty dropped 4 points at 11,640 levels.

Among stocks, Indiabulls Housing Finance, Bharti Aitel, Hero MotoCorp, UltraTech Cement, and Titan were the top gainers on the NSE.

Conversely, HCL Tech, Wipro, Hindalco, BPCL, and Tata Steel were the top losers.

All sectoral indices on the NSE were trading in the green except Nifty IT and Metal indices. Nifty Realty and Auto indices were trading up 1% each.

Notably, India Volatility index, VIX, was trading ~1% at 19.

Meanwhile, investors are focusing on RBI’s two-day policy meet outcome due today. The Monetary Policy Committee of the central bank under governor Shaktikanta Das will announce its policy decision today. The market is expecting a cut in policy rates by 25 basis points ahead of the general elections and focusing on the stance of the policymakers.

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