Indian Stock markets today opened on a flattish note with caution ahead of the monetary policy review today. The BSE Sensex, at 10:10 am, is trading higher by 13.72 points at 28,348.88 while the NSE Nifty is trading higher by 8 points at 8,776. The BSE Mid Cap index and BSE Small Cap index have opened the day up by 0.5% and 0.3% respectively.
Tata Motors, Tata Steel, HUL, Sun Pharma, NTPC, Hindalco, Tech Mahindra and Cipla were gainers, while BHEL, Infosys, Wipro, Hero Motocorp, TCS, ITC, Axis Bank, Hero Motocorp and UltraTech Cement were early losers.
The RBI goes for a lending rate slash today, and banks are unlikely to go a further rate cut given they have already effected a sharp cut in marginal cost-based lending rates in January.
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