Trading Mixed in the share market ahead of RBI policy announcement today
On the very day of the announcement of RBI policy, the share market is witnessing a mixed reaction in trading. Among the banks, the shares of HDFC, Kotak Mahindra, SBI and Axis went up with 0.19%, 0.43%, 0.22%, and 0.87% respectively. Among the bank shares that went down were, YES Bank (1.77 %), IDFC First Bank (0.55%), RBL Bank (1.54 %) and IndusInd Bank (0.34%).
Amid the wait for the announcements, surprisingly the rate sensitive auto stocks went up. Some top gainers were: Bajaj Motors with 1.3%, Hero MotoCorp with 1.25%, Tata & TVS motors both were at 0.74%, and Maruti Suzuki India was at 0.72%.
The pharma & healthcare sector also witnessed higher trading on Thursday. Among the top gainers was Glenmark Pharmaceuticals with an up of 1.47%, Dr. Reddy's Laboratories at 0.62%, while Sun Pharmaceutical Industries has witnessed a hike of 0.57%.
On the contrary, IT shares witnessed the lower trading side of the market with some top performers going down the stairs. The companies trading lower were HCL Technologies (1.92%), WiproNSE (1.22%), NIIT Technologies (1.03%), Tech Mahindra (0.93%), Infosys (0.76%), and TCS (0.64%).