The Sensex has opened higher by 13 points at 20,583 mark and the Nifty slipping by 2 points at 6,102 levels.
Markets have started the trading session on a flat note ahead of the RBI's Monetary Policy review. The Reserve Bank of India (RBI) will announce the second Quarter Review of Monetary Policy 2013-14 today.
The Sensex has opened higher by 13 points at 20,583 mark and the Nifty slipping by 2 points at 6,102 levels.
Analysts broadly expect RBI to raise its repo rate by 25 basis points (bps) and cut marginal standing facility (MSF) by 25 bps.
The market will remain volatile this week as traders will roll over positions in the futures & options (F&O) segment from the near month to November series. The near month October derivatives contract will expire on Thursday.
On the global front, Asian shares wavered in recent ranges and the dollar held not far above its recent lows on Tuesday, as investors awaited the outcome of the US Federal Reserve's policy meeting this week, at which it is widely expected to stay the course on stimulus.
Australian shares shed about 0.3% after surging 1% on Monday to a new five-year high, while MSCI's broadest index of Asia-Pacific shares outside Japan was weaving in an out of positive territory.
Japan's Nikkei stock average gave up about 0.1% but was off session lows, bolstered by data showing consumer spending in Japan jumped in September as shoppers frontloaded purchases before a sales tax increase next year.
The Sensex has opened higher by 13 points at 20,583 mark and the Nifty slipping by 2 points at 6,102 levels.
Analysts broadly expect RBI to raise its repo rate by 25 basis points (bps) and cut marginal standing facility (MSF) by 25 bps.
The market will remain volatile this week as traders will roll over positions in the futures & options (F&O) segment from the near month to November series. The near month October derivatives contract will expire on Thursday.
On the global front, Asian shares wavered in recent ranges and the dollar held not far above its recent lows on Tuesday, as investors awaited the outcome of the US Federal Reserve's policy meeting this week, at which it is widely expected to stay the course on stimulus.
Australian shares shed about 0.3% after surging 1% on Monday to a new five-year high, while MSCI's broadest index of Asia-Pacific shares outside Japan was weaving in an out of positive territory.
Japan's Nikkei stock average gave up about 0.1% but was off session lows, bolstered by data showing consumer spending in Japan jumped in September as shoppers frontloaded purchases before a sales tax increase next year.
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