MUMBAI (Reuters) - The Nifty ended little-changed on Wednesday as gains in banking stocks on expectations of a rate cut offset a fall in shares of Tata Motors.
The Nifty closed down 0.06 percent, while the benchmark Sensex ended up 0.12 percent.
Axis Bank Ltd
The Reserve Bank of India is likely to cut its benchmark interest rate by 25 basis points to 7.25 percent when it meets early next week and make a similar move before December, according to a Reuters poll.
However, Tata Motors fell 5.2 percent after a surprise drop in its bottomline.
Tech Mahindra was the biggest loser on the NSE index, dropping 14.2 percent after reporting a lower profit.
(Reporting by Himank Sharma; Editing by Prateek Chatterjee)
