Caution ahead of RBI meet subdues equity markets

Mumbai June 6 (IANS) The Indian equity markets traded on a flat-to-positive note during the early-morning trade session on Tuesday as caution prevailed ahead of the Reserve Bank of India s Monetary Policy Committee (MPC) meet.

According to market observers other factors such as low volumes in the highly expensive market conditions eroded investors risk-taking appetite.

The 30-scrip Sensitive Index (Sensex) of the BSE gained 47 points or 0.15 per cent.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched higher by 9.35 points or 0.10 per cent at 9 684.45 points.

The S&P BSE Sensex which opened at 31 420.85 points was trading at 31 356.72 points (at 9.30 a.m.) was higher by 47.23 points or 0.15 per cent from the previous day s close at 31 309.49 points.

The Sensex touched a high of 31 430.32 points and a low of 31 324.20 points during the trade so far.

--IANS
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