Sensex pares gains, turns choppy ahead of RBI policy outcome
Benchmark indices pared early gains to retreat from life-time highs scaled in morning trade amid buying in oil and gas, energy, telecom, healthcare, capital goods, IT and teck sectors ahead of the key RBI bi-monthly policy decision due later today. Caution crept as investors eagerly await the central bank’s policy decision on repo rate on the backdrop of volatility in crude oil and food prices as well as inflationary concerns. Auto, realty, power, banks and financial stocks saw profit-booking. The 30-share index was trading higher at 37,623.54, showing a gain…
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