Reuters Market Eye - The Nifty is up 0.07 percent, the BSE Sensex is 0.08 percent higher.
Stocks in a tight range ahead of RBI policy review where it is expected to sound neutral, hold rates steady.
Housing Development Finance Corp is up 1.5 percent on value buying.
Tata Consultancy Services down 1 percent on profit-taking.
However, a close below 7,954.35 would mark the Nifty's first monthly fall in five.
Also, Asian stocks unsettled by Hong Kong unrest, sluggish China factories data.
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(Reporting by Abhishek Vishnoi)