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Indian equities markets quiet ahead of monetary policy

Stock market
Mumbai, May 3 : A benchmark index for Indian equities markets was flat in the morning session Tuesday ahead of the release of the monetary policy.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,979.31 points, was ruling at 18,982.88 points, down 15.14 points or 0.08 percent from its previous close at 18,998.02 points.

The Reserve Bank of India is set to present its monetary policy for this fiscal at 11 a. m. Tuesday amid ample hints of another rate hike, which would be the ninth in 15 months, to tame inflation that still remains above comfort levels.

The 50-scrip S&P CNX Nifty of the National Stock Exchange was also trading lacklustre at 5,693.35 points, down 0.14 percent.

Broader markets were lacklustre as well with the BSE midcap index 0.24 percent up and the BSE small cap index up 0.17 percent.(IANS)

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