Stock Market Today: Nifty, Sensex Close Flat Ahead Of RBI Rate Decision; ITC, Trent, Airtel Shares Drag

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• Rupee closed 3 paise weaker at 88.79 against the greenback, according to Bloomberg.

• It closed at 88.76 a dollar on Monday.

• Rupee sheds 0.66% in September, marking the fifth straight monthly depreciation

• Rupee weakens 3.54% in July-Sept quarter, marking second straight quarter of decline

• The Rupee hit an all-time low of 88.80 during the day.

• Benchmarks underperformed Broader Market Indices

• Nifty fell for the 8th consecutive day, but managed to close above 24,600

• Hero MotoCorp gains over 3% for the day, best nifty Performer

• Hero MotoCorp and JSW Steel are the top gainers in Nifty

• ITC and Bharti Airtel fell the most in Nifty

• Nifty Midcap remains flat for the day, Tata Investment and Sundaram Finance gain the most in Nifty Midcap

• Nifty small cap 250 end in green, gains lead by TV18 Broadcast, National Aluminum.

• Nifty PSU Bank emerge as the top gaining sector for the day, gains lead by Bank of India, Central Bank of India and Indian Bank

• Nifty PSU Bank and Nifty Metals gain over 1% for the day

• Nifty Auto snaps 4-day losing streak

• Nifty Pharma fell for the 7th consecutive day

• Nifty Metal, Financial Services and Bank gain for the 2nd consecutive day

• Nifty IT fell for the 8th consecutive day

• Nifty Media fell for the 6th consecutive day

In an exchange filing the RBI has said that it will to do away with the 14 day variable rate repo and variable reverse rate repo auctions as primary liquidity tool. RBI to adopt seven day VRR and VRR auctions to manage short term liquidity.

Adani Green Energy Ltd. on Tuesday operationalised an aggregate 408.1 megawatt power projects at Khavda, Gujarat. These were done through its various stepdown subsidiaries.

Adani Renewable Energy Fifty Six added solar capacity of 87.5 MW, Adani Renewable Energy Forty One added wind capacity of 124.8 MW and Adani Green Energy Twenty Five B, Adani Green Energy Twenty Six B, Adani Solar Energy Jodhpur Six and Adani Hybrid Energy Jaisalmer Five added hybrid capacity of 196 MW, according to a stock exchange filing.