After a flat close yesterday, Indian equity markets have opened on a quiet note, though appear steady. At 09.27 am the Sensex was up 62.08 points or 0.32% at 19306.50, and the Nifty was up 16.05 points or 0.27% at 5873.95.
The market seems to have priced in a CRR cut, which the Reserve Bank is expected to announce in its monetray policy review in a few hours from now. Udayan Mukherjee, managing editor of CNBC-TV18 said expectations are not very high. "A CRR cut, modest one, has been priced in. A repo rate cut is certainly not priced in," he said. Top gainers on the Sensex were BHEL, up 1.90%, Sun Pharma (up 1.70%), Mahindra and Mahindra (1.24%). Top losers include Wipro, Maruti, HDFC Bank with 0.5%, 0.44% and 0.13% cut respectively. Midcap and Smallcap indices were trading in the green.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
