Indian equities recover marginally as RBI maintains status quo (Third Lead)

New Delhi April 6 (IANS) Indian equity markets on Thursday recovered marginally after the Reserve Bank of India (RBI) maintained status quo on interest rates in its first bi-monthly monetary policy review of the 2017-18 fiscal.

Negative global cues and heavy selling pressure in consumer durables healthcare and FMCG sectors hampered investors sentiments and the key indices provisionally closed the day s trade on a flat-to-negative note.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) slipped down by 3.20 points or 0.03 per cent to 9 261.95 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE which opened at 29 946.89 points provisionally closed at 29 927.34 points (at 3.30 p.m.) -- down 46.90 points or 0.16 per cent from the previous close at 29 974.24 points.

The Sensex touched a high of 29 954.25 points and a low of 29 817.59 points during the intra-day trade.

In contrast the BSE market breadth was marginally bullish -- with 1 476 advances and 1 403 declines.

On Wednesday healthy inflow of foreign funds along with positive tax collection data and global cues elevated the Indian equity markets to close at new highs.

--IANS
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