Sensex, Nifty continue to be sluggish ahead of RBI policy; Europe mixed

Benchmark indices continued to be sluggish as investors could be sitting on the fence ahead of the outcome of Reserve Bank of India’s monetary policy committee’s (MPC) meeting.

The Sensex was down 25.39 points at 32549.78, while the Nifty was down 14.30 points at 10100.35. The market breadth was negative as 1117 shares advanced against a decline of 1254 shares, while 141 shares were unchanged.

NTPC and Hero MotoCorp continued to gain the most, while Dr Reddy’s Laboratories, BHEL, and Indiabulls Housing lost the most. Metal stocks and FMCG stocks were a drag on the indices as well.

European bourses are expected to open higher on Wednesday morning, supported by 17-year peaks in Asia trading overnight after better-than-expected earnings from tech bellwether Apple which boosted sentiment globally.

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