Sensex, Nifty Trade Range Bound, Mid-cap And Small-cap Outperform

The benchmark indices opened on a flat note in the early morning trade. At 9.30 am the BSE Sensex was up by 63 points at 26686 and the NSE Nifty was up by 12 points at 7980.  The broader markets outperformed their counterparts. The BSE mid-cap and small-cap indices were trading up by 0.76% and 1.57% respectively. Going ahead we expect the indices to remain range bound. The overall market breadth on BSE was positive as 1290 stocks advanced and 601 stocks declined. The markets were seen trading higher ahead of RBI's policy announcement tomorrow.

Tracking the momentum of the sectoral indices, BSE Healthcare was the top sectoral gainer, up by 2.10%. Among the major gainers, Sun Pharma, TCS and BHEL were up by 2.85%, 1.58% and 1.56% respectively. IDBI was seen trading up by 1.04% after the company announced infusing additional capital by way of equity in IDBI Asset management. The shares of Realty like HDFC, Godrej Properties, Prestige Estate Projects and DLF were seen trading up by around 2% after SEBI notified norms for REITs and InvITs on Friday. Among the losers, PNB, Cairn, Jindal Steel was down by 1.46%, 1.33% and 1.22% respectively.

Further a mixed trend was seen in the Asian markets, Japan's Nikkei and China's Shanghai was up by 0.48% and 0.36% respectively. However, Hong Kong's Hang Seng was seen trading down by 1.76% due to political unrest in Hong Kong.