11:55 a.m.: Auto stocks face selling pressure. BSE Auto index down 0.34 per cent; Eicher Motors, Exide Industries, Ashok Leyland, Maruti Suzuki and Bajaj Auto were among the laggards.
11:43 a.m.: Bharti Airtel, Maruti Suzuki, Axis Bank, Adani Ports and Yes Bank were among the losers from the Nifty-50 basket of stocks.
11:37 a.m.: From the Nifty-50 basket of stocks, 36 stocks were advancing while 14 were declining. Tata Steel, Vedanta, UmtraTech Cement, Dr Reddy’s Labs and Ambuja Cements were among the top gainers.
11:25 a.m.: The stock markets traded on a muted note post the RBI monetary policy review. The Sensex was up 48 points at 26,193 and Nifty hovered around 7,950.
11:20 a.m.: Reserve Bank assessed that the inflation target for January 2016 at 6 per cent was within reach.
11:13 a.m.: Reserve Bank also kept its reserve ratio rates unchanged with Cash Reserve Ratio (CRR) at 4 per cent and Statutory Liquidity Ratio (SLR) at 21.5 per cent.
11:08 a.m.: The Sensex jumped 77 points to 26,222 and Nifty advanced 32 points to 7,967. Meanwhile, the Reserve Bank of India kept the policy rates unchanged with repo rate at 6.75 per cent and reverse repo rate at 5.75 per cent.
10:58 a.m.: Sensex turns flat ahead of RBI policy review, up 37 points at 26,182 and 50-share Nifty holds 7,950.
10:40 a.m.: Maruti Suzuki November sales at 1.20 lakh units, against expectations of 1.28 lakh units; shares fall 0.70 per cent to Rs 4,575 on the National Stock Exchange.
10:20 a.m.: The Sensex came off the intraday high levels and Nifty managed to hold its crucial psychological level of 7,950 ahead of the Reserve Bank of India’s monetary policy review.
In the opening trades, the Sensex jumped 100 points and Nifty crossed above 7,950 led by gains in metal and power stocks.
Meanwhile, the rate sensitive stocks were trading on a muted note with Bank Nifty advancing 0.02 per cent, auto index gaining 0.06 per cent and capital good index up 0.3 per cent.
Meanwhile, analysts Reserve Bank of India to keep its policy rate unchanged, following a big cut two months ago, and to sound cautious about the scope for more easing as it aims to meet its 2017 inflation target and braces for a U.S. rate hike.
All 45 respondents surveyed by Reuters last week expected the Reserve Bank of India to hold the repo rate at 6.75 percent, after easing it by 50 basis points at its last policy review in late September.