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Live Stock Market Updates: Market trades lacklustre ahead of monetary policy decision

Nifty has been comfortably trading above the 9,850 mark but is not showing any strong bullish signs ahead of the monetary policy decision. The index may have strong support around 9770 while 9925 will act as resistance on the upside.

Bank Nifty index has been hovering around 24,100 mark. The index faces resistance around 24350 while 24000 will act as support on the downside.

At 10 AM, the S&P BSE Sensex is up 81 points at 31,578, while Nifty is up by 23 points at 9,883. A total of 18 stocks registered a fresh 52-week high in trade today, while 27 stocks touched a new 52-week low on the NSE. There are 987 advances, 533 declines and 435 unchanged stocks on NSE reflecting mixed sentiments floating in the market.

The BSE Mid-cap Index is trading up 0.58% at 15,645, while BSE Small-cap Index is trading up 0.59% at 16,288 level.

Some buying activity is seen in Healthcare, Capital Goods and Bankex sectors, while Telecom, Metal and IT are showing weakness on BSE.

Hindustan Petroleum, Aurobindo Pharma, Indiabulls Housing Finance, Dr Reddy’s and Lupin are among the gainers, whereas Coal India, Bharti Airtel, TCS, Eicher Motors and Tata Motors are losing on the NSE.

The INDIA VIX is up down 2.1% at 12.19.