As expected, RBI has decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.0 per cent and keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liabilities (NDTL);
At 11:26AM, the S&P BSE Sensex is trading at 28,529 down 30 points, while NSE Nifty is trading at 8,547 down 19 points.
The BSE Mid-cap Index was trading down 0.02%, while BSE Small-cap Index was trading flat.
Metal, Healthcare, Capital Goods, FMCG indices are the gainers, while Auto, Consumer Durables, Power, banking, realty, Oil and gas indices are the losers.
ONGC, Cipla, NTPC, BHEL, Tata Power, Tata Steel are among the gainers, whereas Bajaj Auto, Infosys, M&M, ICICI Bank are losing sheen on BSE.
Shares of Sun Pharma Advanced Research Company (SPARC) surged 12% after the firm announced that the US Food and Drug Administration (USFDA) has issued a complete response letter to its New Drug Application (NDA) for Latanoprost BAK-free eyedrops.
Shares of Infosys was down 1% at Rs2144 and are trading ex-bonus on Tuesday.
Shares of Jet Airways has hit 5% lower circuit at Rs331.
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