Intraday Tips Live Market ;Sensex volatile, RBI policy eyed

Equity intraday benchmarks remained directionless ahead of much-awaited RBI monetary policy. The Sensex declined 3.52 points to 26593.59 and the Nifty lost 3.55 points to 7955.35. However, the broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.5 percent each. About 1107 shares have advanced, 713 shares declined, and 61 shares are unchanged.

Shares of TCS, Axis Bank, Hindalco Industries and Gail India fell over a percent followed by Infosys, ITC, ICICI Bank, Reliance Industries, and Mahindra and Mahindra with 0.4 percent loss. However, HDIL topped the buying list, up 1.6 percent. L&T, Bharti Airtel, Tata Motors, HDFC Bank, Sun Pharma, Dr Reddy's Labs, Bajaj Auto, Maruti Suzuki and Tata Power gained 0.3-1.3 percent.

The S&P BSE Sensex was trading in a narrow range on Tuesday with a negative bias ahead of Reserve Bank of India's policy review due later today. The fall in the index was led by losses in TCS, Infosys, ICICI Bank, Reliance Industries and Axis BankBSE -0.83 %.

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