Reuters Market Eye - The BSE Sensex and the Nifty are flat a day after posting a record closing high on Wednesday. Losses track lower Asian markets after a survey of Chinese manufacturers showed surprisingly soft results.
Interest rate sensitive stocks fall on caution ahead of RBI's policy review on Tuesday.
Previous expectations for the RBI to hold rates have been thrown into doubt after the central bank recommended making taming high consumer inflation a priority.
ICICI Bank falls 0.4 percent, while State Bank of India is down 0.3 percent.
Among automakers Mahindra and Mahindra is down 1.4 percent, while Bajaj Auto falls 0.7 percent.
However, Larsen & Toubro gains 3 percent after the company's Q3 margins at 11.6 percent beat some analysts estimates, dealers say.
Also, Cairn India gains 1 percent ahead of its December-quarter results later in the day.
(Reporting by Abhishek Vishnoi)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app