Nifty holds on to 10100-mark ahead of RBI decision

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The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 32,814.03 points, closed at 32,802.44 points - down 67.28 points or 0.20 per cent from Monday's close.

Also, investors looked ahead to the RBI monetary policy review and the first phase of Gujarat elections due this week.

The wider Nifty50 of the National Stock Exchange (NSE) edged lower by 9.50 points or 0.09 per cent at provisionally close (at 3.30 p.m.) at 10,118.25 points. However, profit booking in banking and auto stocks capped gains.

Among the BSE sectoral indices, power fell 1.06%, followed by metal 0.85%, capital goods 0.62%, consumer durables 0.61%, infra 0.56%, auto 0.52% and IT 0.38%. The broad based Nifty traded near 1-month low.

"All eyes are now on RBI policy outcome which takes place tomorrow". Although the central bank is widely expected to keep rates on hold, investors will watch for any hints of a cut at the February meeting in its statement.

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Sector-wise, the S&P BSE IT index gained by 145.14 points, metal index by 68.85 points and Teck (technology, media and entertainment) index by 64.81 points.

Vinod Nair, Head of Research, Geojit Financial Services, said: "After a subdued trade, the market reversed from day's low led by banking stocks".

On the other hand, Bajaj FinanceBSE 1.71 %, YES BankBSE 1.76 %, Reliance IndustriesBSE 1.11 %, BPCLBSE 0.78 % and IndusInd BankBSE 0.93 % climbed between 1.15 per cent and 2.30 per cent.

Losers included Wipro, Hero MotoCo, ONGC, Tata Steel, UPL, Eicher Motors, NTPC and Dr Reddy's.

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