Indian markets ended the volatile session flat on Tuesday after the RBI keeps policy rates unchanged in the fifth bi-monthly monetary policy review. The RBI status quo was widely anticipated by the market participants.
Now, the Repo and reverse rates stood at 6.75% and 5.75% respectively. At the same time, cash reserve ratio (CRR) and statutory liquidity ratio (SLR) retained at 4% and 21.5% respectively.
At the close, the 30-share benchmark index, BSE Sensex ended flat with a rise of 23.74 points or 0.09% at 26,169.41, 15 components registering rise. Meanwhile, the broad based NSE Nifty climbed by 19.65 or 0.25% at 7,954.90 with 28 components registering rise.
Biggest gainers in the 30-share index were Vedanta (4.66%), Dr Reddy’s Laboratories (3.31%), Tata Steel (3.30%), Coal India (3.27%), Hindalco Industries (3.24%), and Hindustan Unilever (2.94%).
On the other hand, Bharti Airtel (3.53%), GAIL (India) (1.79%), Axis Bank (1.54%), Tata Motors (1.41%), Infosys (1.08%), and Hero Motocorp (0.92%) were the major losers in the Sensex.
Market breadth was negative with 1,653 advances against 1,120 declines.