Markets turned weak in a choppy trade on Tuesday as cautious investors kept their powder dry ahead of RBI’s policy announcement amid subdued macro cues.
The Reserve Bank’s two-day monetary policy review kicked off on Tuesday.
The central bank is widely expected to keep policy rates unchanged today and will stay focused on controlling inflation, experts said. The 30-share Sensex opened on a negative note on across-the-board losses and touched a low of 32,682.52.
However, value-buying in several heavyweights towards the fag-end trimmed the losses, with the index finishing at 32,802.44, down 67.28 points or 0.20 per cent. The broader NSE Nifty too slipped by 9.50 points, or 0.09 per cent, to end at 10,118.25, after moving between 10,069.10 and 10,147.95.