Sensex, Nifty end modestly higher as RBI policy meet begins

| | Mumbai
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Sensex, Nifty end modestly higher as RBI policy meet begins

Wednesday, 06 February 2019 | PTI | Mumbai

Benchmark equity indices ended marginally higher Tuesday as investors remained on the sidelines as the RBI’s monetary policy review meeting got underway.

After trading in a range through the day, the 30-share Sensex ended 34.07 points, or 0.09 per cent, higher at 36,616.81. Similarly, the NSE Nifty edged up 22.10 points, or 0.20 per cent, to 10,934.35.

In the Sensex pack, Hero MotoCorp, IndusInd Bank, Bajaj Auto, Maruti and M&M were the top gainers, rising up to 2.66 per cent.

On the other hand, Tata Motors, Coal India, ONGC, Tata Steel, Yes Bank, Sun Pharma, ITC and ICICI Bank fell up to 2.63 per cent.

Investors were cautious, awaiting cues from the Reserve Bank of India’s monetary policy review, traders said.

The RBI’s Monetary Policy Committee (MPC) Tuesday began its three-day meet to decide on key rates amid expectations that it would change stance to neutral on low inflation but may not cut rates due to fiscal challenges and rising oil prices.

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