Indian markets ended the session flat today a day after the RBI policy announcement. The BSE Sensex was up less than one per cent from its previous close and closed at 20,005. The NSE Nifty ended the day up 0.1 per cent at 6,055.
“After the rate cut announcement, initial market reaction was positive, however, selling was seen by the end of the day. Today also, the market movement remained that of caution. Positive cues from global markets are likely to lead to further market rally in near term,” said Nidhi Sarswat, Sr.Research Analyst, Bonanza Portfolio.
On the BSE, the Realty index was up the most at 1.4 per cent. This was followed by the Consumer Durables sector, up 1.2 per cent and Oil & Gas at 1.06 per cent. The BSE Capital Goods sector declined the most and was down 1.2 per cent, followed by Power at 0.7 per cent and Auto at 0.5 per cent.
Among the Sensex stocks, the top five gainers were Cipla, HUL, RIL, Tata Steel and Wipro. The top five laggards were GAIL, Tata Power, L&T, Jindal Steel and Tata Motors.