Sensex, Nifty Struggle For Direction Before RBI Meeting Outcome

(RTTNews) - Indian shares were little changed on Friday ahead of the Reserve Bank of India's (RBI) monetary policy decision later in the day, with analysts remaining divided on whether the rate-setting panel will maintain its stance on the key interest rates or go for its first policy reduction since February 2023.

The benchmark S&P BSE Sensex was down 57 points at 81,709 in early trade while the broader NSE Nifty index was up 4 points at 24,712.

Hero MotoCorp, ITC, Eicher Motors, Trent and Bajaj Auto were up 1-2 percent while Larsen & Toubro, Wipro and TCS fell around 1 percent.

Canara Bank rose half a percent after it received RBI approval for the divestment of its stake in Canara Robeco Asset Management Co.

Torrent Power rallied 2 percent after raising Rs 3,5000 through a QIP issue.

RITES jumped 3.4 percent on bagging a contract worth Rs 148 crore order from IIM Raipur.