The BSE Sensex and Nifty traded flat as the central bank kept repo rate unchanged as expected.
However the Reserve Bank has taken some measures to enhance the liquidity in the banking system. The central bank has cut the statutory liquidity ratio by 50 basis points to 22 per cent and has also cut the HTM (Held-to-Maturity) bonds by 50 basis points to 24 per cent.
The Bank Nifty traded 0.39 per cent lower whereas other rate sensitive sectors like the realty sub-index of NSE was down 0.5 per cent. The BSE's sub-index for auto stocks was up 0.42 per cent.
In the Bank Nifty ICICI Bank was the top loser trading at 0.96 per cent loss whereas Union Bank of India wasthe top gainer at 0.87 per cent.
Sun Pharma was the top gainer on Nifty trading with 2.11 per cent gain at Rs 777.80 followed by Bajaj Auto and Ambuja Cements which were up around 2 per cent each.
HDFC remained the top loser on Nifty with 1.67 per cent decline. Out of the 50 stocks only 21 stocks gained while 29 stocks declined.
As of 11.15 a.m. Sensex traded 24 points lower at 25,699.22 and Nifty was down 5 points at 7,679.
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