Indian markets closed with caution ahead of monetary policy

The Indian markets have erased gains of first half of Tuesday’s trading session. The outcome of two days MPC’s monetary policy is due on Wednesday, which will be declared during market hours on December 7. All sectoral indices closed in green except Consumer Durables, FMCG, Automobiles and Healthcare. BSE Sensex and Nifty indices closed  with about 0.18 per cent upside. At closing bell, the Nifty ended 14 points higher at 8143 and the BSE Sensex increased 43 points to close at 26392.

The advance-decline ratio stood positive in the closing session. On the NSE, 31 shares closed in green, while 20 shares ended the day in red.

Oil & Gas increased by 137 points. Metals, Capital Goods and IT rose about 78 points, 42 points and 30 points respectively. Meanwhile, Auto, Consumer Durables and FMCG decreased more than 50 points each. Mid-caps and Small-caps also were up by more than 64 points and 49 points respectively.

In the Asian markets, the Nikkei closed with gains of about 85 points. Hang Seng index ended on a  positive note and rose by 169 points. KOSPI and Taiwan also boosted almost 1.31 per cent and 0.98 per cent respectively on Tuesday.

European markets were trading in positive scenario.

Derivative Analysis

Nifty future closed flat at 8164 mark. Going ahead 8230/8130 will be the immediate support levels.