Sensex ends higher; RBI keeps key interest rate unchanged

Sensex Nifty open in green in early trade ahead of RBI policy

Brokers said investors were seen holding their bets awaiting the outcome of the RBI's bi-monthly Monetary Policy Committee (MPC) meet.

At 3.30 p.m., the Nifty of the National Stock Exchange (NSE) inched down by 16.65 points or 0.17 per cent to provisionally close at 9,647.25 points.

After a sharp rise amid volatility in morning trading, the Standard & Poors BSE Sensex closed lower at 57.92 points at 31,213.36 on Thursday, gyrating in a 50-point range throughout the day.

Overseas, European stocks edged lower amid geopolitical worries as investors took a cautious approach ahead of a general election in the United Kingdom and a ECB meeting.

Also, market participants holding their bets ahead of the United Kingdom general elections and the European Central Bank (ECB) meeting added to the overall weak sentiment. "Investors will now look forward to emerging confidence among industry participants as GST rollout approaches", Anand James, Chief Market Strategist, Geojit Financial Services Ltd said. Key indices in Europe like France, Germany and the United Kingdom were trading lower by 0.07% to 0.41%. Among 51 stocks in Nifty, 21 stocks ended higher and 30 shares ended lower.

Shares of GAIL, Bharti Airtel, ICICI Bank, SBI, Hero Motocorp, M&M, Bajaj Auto and Tata Steel were trading in positive zone with gains of up to 0.93 percent. Infosys too shed 0.54 percent to Rs 956.30, while Wipro lost 0.06 percent to Rs 548.50.

Among sectoral indices, consumer durables dropped by 2.01% followed by power 1.62%, industrials 1.38%, realty 1.36%, FMCG 1.35%, utilities 1.22%, capital goods 1.15% and auto 1.08%, while IT rose by 2.33% and teck 1.64%.

The BSE market breadth was bullish - with 1,460 advances and 1,200 declines.

Sector-wise, the S&P BSE banking index rose by 193.07 points, the automobile index by 167.90 points, and the healthcare index by 148.51 points.

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