On the sectoral front, except IT and metal, all other sectoral indices are trading in green.

Indian markets struggled ahead of the RBI interest rate decision, due at 11:45 am today. The Reserve Bank of India will later today announce its first bi-monthly monetary policy statement for 2019-20. Analysts expect the RBI to cut its repo rate by 25 basis points though its commentary on inflation on inflation outlook will be closely watched. The Sensex was trading marginally higher at 38,899 while Nifty traded almost flat at 11,643.

Apr 04, 10:17 AM (IST)
Sensex heat map at this hour

Sensex heat map at this hour
Apr 04, 10:05 AM (IST)
L&T bags order: L&T Hydrocarbon Engineering, a wholly owned subsidiary of Larsen and Toubro, has won contracts across various business segments between Rs 1,000-2,500 crore.

Apr 04, 09:54 AM (IST)
GMR Hyderabad International Airport (GHIAL), a subsidiary of GMR Airports and a step down subsidiary of GMR Infrastructure offering of USD 300 Million 5.375% Senior Secured Notes of 5 year tenure.

Indiabulls Housing Finance extends gains
Indiabulls Housing Finance on Wednesday said it has raised ₹17,300 crore in the March quarter of 2018-19 and plans to borrow ₹26,000 crore in the current financial year. “To deliver 17-19 per cent profit after tax (PAT) growth in the current financial year, the company plans to raise a net total of ₹26,000 crores in the four quarters of the current financial year,” it added. The company’s cash and cash equivalents as on March 31, 2019 stood at ₹27,512 crore, it said. Shares of the company were up 2% today, extending their 4% gains posted on Wednesday.

Rupee dips against US dollar ahead of RBI policy
Indian rupee weakened marginally against US dollar ahead of the key Reserve Bank of India’s bi-monthly policy today due at 11.45 am. The rupee was trading at 68.64 a dollar, down from its previous close of 68.43. The home currency opened at 68.54 a dollar.

Apr 04, 09:21 AM (IST)
Market Opens: It is flat start for the Indian indices ahead of RBI policy meeting.

At 09:19 hrs IST, the Sensex is up 45.55 points at 38922.67, while Nifty is up 5 points at 11649. About 523 shares have advanced, 307 shares declined, and 52 shares are unchanged.

Indiabullls Housing, Hero Motocorp, Titan, UltraTech Cement, L&T, Vedanta, Bharti Airtel, SRF, Godrej Agrovet are among major gainer, while losers are Wipro, HCL Tech, Zee Entertainment, UPL, BPCL, JSW Steel and Tata Steel.

On the sectoral front, except IT and metal, all other sectoral indices are trading in green.

source: moneycontrol.com