Muted Trade In Market, Ahead Of RBI Policy

Nifty opened at 6064.70 and touched a high of 6075.35 and a low of 6056.15. Whereas, Sensex opened at 20,080.31 and making a high of 20,107.68 and a low 20,059.68.

The advance-decline ratio is negative in the morning trading session. On the NSE, 609 shares have declined and 559 shares have advanced.

Top 5 Gainers on NSE: Axis Bank is the top gainer on NSE trading up by 2.83% followed by Bharti Airtel, Sun Pharma, Jaiprakash Associates and Jindal Steel and Power.

Top 5 losers on NSE: Tata Motors is among the top loser on NSE trading lower by 1.20% followed by HDFC Bank, Reliance Infrastructure, DLF and BHEL.

Among the sectoral indices, the Healthcare Index moved 0.30% higher, the Metal index has moved 0.11% higher, TECk sector has moved 0.10% higher and IT has moved 0.07% higher. CD and CG are the top losers amongst the whole lot of sectoral indices trading lower in the range of 0.32%-1.08%.

Asian Markets are trading mixed. Nikkei 225 is trading higher by 0.92% followed by Taiwan Weighted and KOSPI. Shanghai Composite is trading flat with a positive bias. Hang Seng and Strait Times are trading marginally down.

Buzzers: Adani Port and Special Economic Zone Limited is trading higher by 5.34% at Rs 144, extending its last trading session by a 4% gain, after the company said it has decided to divest its significant stake in Aboot Point Coal Terminal in Australia to its promoter family.

Amara Raja Batteries has rallied more than 4% now trading at 315 and has hit a new 52-week high on the NSE after reporting a 23% YoY growth in net profit at Rs 81 crore in Q3 on account of strong growth in volumes of 4-wheeler and 2-wheeler batteries.

Nifty is trading range bound ahead of the RBI policy; we expect Nifty to see action in the noon session. For now Nifty has a strong intraday support at 6052 and resistance at 6080.