Caution ahead of RBI meet subdues equity markets

Mumbai: The Indian equity markets traded on a flat-to-positive note during the early-morning trade session on Tuesday, as caution prevailed ahead of the Reserve Bank of India’s Monetary Policy Committee (MPC) meet.

According to market observers, other factors such as low volumes in the highly expensive market conditions eroded investors’ risk-taking appetite.

The 30-scrip Sensitive Index (Sensex) of the BSE gained 47 points or 0.15 per cent.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched higher by 9.35 points or 0.10 per cent at 9,684.45 points.

The S&P BSE Sensex, which opened at 31,420.85 points, was trading at 31,356.72 points (at 9.30 a.m.), was higher by 47.23 points or 0.15 per cent from the previous day’s close at 31,309.49 points.

The Sensex touched a high of 31,430.32 points and a low of 31,324.20 points during the trade so far.