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The Nifty and the Sensex ended marginally in the red a day prior to RBI’s mid –quarter review of the monetary policy.
The Nifty closed at 5858 down 22 points while the Sensex closed at 19244, down 73 points.
A recent BLACKROCK Investment Institute Outlook has suggested buying Indian equities in 2013 as a contrarian bet.
Volatilty was up five per cent and the India Vix closed at 14.92.
Hindalco, Sesa Goa, Jindal Steel, Cipla and Grasim were the top five Nifty gainers while Bharti Airtel, TCS, BPCL, Siemens and BHEL were the top losers.
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