Zee Media Bureau
Paring early gains, stock markets turned choppy in pre-noon trade Tuesday after RBI's bi-monthly policy review.
The RBI, in its second bi-monthly monetary policy statement today, left the short-term lending rate or repo rate and the cash reserve ratio (CRR) unchanged at 8 percent and 4 percent, respectively.
However, as a liquidity inducing-measure, the RBI brought down the Statutory Liquidity Ratio (SLR) — the amount of deposits banks keep in government bonds — by 0.5 percent to 22.5 percent.
The 30-share barometer gained 11.62 points, or 0.05 percent, to 24,696.47.
The Sensex had gained 467.51 points in the previous session on the back of slight improvement in HSBC Indian Manufacturing Purchasing Manager's Index (PMI), a measure of factory production in May.
The wide-based National Stock Exchange index Nifty last quoted unchanged at 7,361.75.
In the Asian region, Hong Kong's Hang Seng index gained 0.90 percent and Japan's Nikkei was up by 1.03 points in early trade today. The US Dow Jones Industrial Average ended 0.16 per cent higher in the previous session.
With agency inputs
