- RBSE 12th results 2018: Rajasthan Board to release Science, Commerce by May 23, not tomorrow
- IPL 2018: Did Preity Zinta say 'very happy that Mumbai is not going to the playoffs'? Video goes viral on social media
- Ajit Doval hasn’t changed policy, just more hardline, says ISI ex-chief General Asad Durrani
Indian shares oscillated in and out of positive terrain on Wednesday amid tepid investor sentiment ahead of the central bank’s monetary policy decision later in the day. Analysts expect a close call with 28 of 46 participants in a Reuters poll last week predicting the Reserve Bank of India will cut the repo rate by 25 basis points to 6.0 percent, its lowest since November 2010, while two analysts expected a 50 bps cut.
Watch What Else Is Making News:
The broader NSE index was up 0.09 percent at 8,776.25 as of 0552 GMT, while the benchmark BSE index was trading 0.01 percent down at 28,332.77
Earlier this week, both indexes had hit a four-month high on rate-cut hopes. Tata Steel Ltd was among top gainers on the NSE index, rising to over two-year high after reporting its first quarterly profit in five.
FMCG stocks were among the biggest decliners with cigarette maker ITC Ltd falling as much as 1.7 percent after it hit a record high in the previous session.