The Sensex opened with a positive gap of 54 points at 15,429.
However, weakness in banking stocks ahead of the RBI policy
review saw the index drop into red to a low of 15,241. The markets
however were unaffected by the status stance taken by the RBI in
its first review of the monetary policy. Fresh buying in realty
following the fresh stimulus by the government, and auto stocks
helped the index rebound into the positive zone and touch a high
of 15,463 - up 222 points from the day's low.
Lower-than-expected earnings from Hindustan Unilever saw the stock take asharp dip and with it the index. Weakness in Reliance and Infosys did not helPeither. The Sensex finally ended with a loss of 43 points at 15,332, with Reliance,
Hindustan Unilever and Infosys accounting for a loss of over 80 points on theindex, and ITC contributing 10 points on the positive zone.
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