was up 7.35 points or 0.14% at 5437.95. About 1674 shares advanced, 1297 shares declined, and 377 shares remain unchanged.
In the largecap space, ABB, BPCL, Mahindra and Mahindra, Idea Cellular and Tata Power were up 1.5-5.5%. On the losing side, IDFC, Reliance Industries, Jindal Steel, Axis Bank and ICICI Bank were down 1-1.4%.
Watch ) Bombay Stock Exchange’sSensex was at 18098.42, up 20.81 points or 0.12 per cent. The index touched ahigh of 18137.14 and low of 18062.94 in early trade.
National StockExchange’s Nifty was at 5436.35, up 5.75 points or 0.11 per cent. The50-share index hit a high of 5447.85 and low of 5426.05 in trade sofar.
Indian markets were moving in a narrow range after a flat-to-positive opening. Losses in banks and realty were offset by gains in auto and healthcare stocks.
BSE auto index continues to hold gains and is now up 2.5% at 8,335. Realty is up 1.5% at 3,460. However, capital goods index is down 2% at 14,918.
__________________________________________________ (Updated at 1330 hrs ) Markets have extended gains on upbeat investor sentiments following the RBI policy review.
The RBI lifted the repo rate, at which it lends to banks, by 25 basis points to 5.75 per cent, in line with expectations, but raised the reverse repo rate, at which it absorbs excess cash from the system, by 50 basis points to 4.50 per cent.
Indian equities were trading flat in early trade on Tuesday. At 9.06 am, the Sensex was trading up 16.22 points or 0.09% at 18,036.27 with 21 components gaining. Meanwhile, the Nifty was trading higher by 3.50 points or 0.06% at 5,422.10 with 35 components gaining.
The 30-share benchmark index, BSE Sensex opened with a decline of 21.31 points or 0.12% at 17,998.74, while the broad based NSE Nifty started with a rise of 27.95 points or 0.52%, at 5,446.55.
Reliance Industries contributed rise of 7.97 points in the Sensex. It was followed by Infosys Technologies (5.43 points), I T C (5.25 points), Hero Honda Motors (3.94 points) and Bharti Airtel (3.9 points).
Mumbai: Bharat Forge Ltd, the world’s second largest forgings maker, has adequate forgings capacity to ride the auto boom in India but will raise automotive machinings production this fiscal, a top official said.
“We will have to expand some machining capacity as we are seeing tremendous demand for some of our machine products,” said Amit Kalyani, executive director of the firm on Monday.
Pune-based Bharat Forge will expand its automotive machining capacity by 20-25% this financial year, spending close to Rs1 billion, Kalyani added.
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