NEW DELHI: Even as Indian equity market was in the negative territory, shares of HDIL (up 12.41 per cent), Sintex Plastics Technology (up 8.47 per cent), Nila Infrastructures (up 7.78 per cent) and Gallantt Ispat (up 7.68 per cent) were witnessing strong traction in Tuesday's morning session.Stocks such as Hindustan Aeronautics (up 6.27 per cent), Unitech (up 6.10 per cent), IFCI (up 5.97 per cent), Sharda Motor (up 5.90 per cent), Orient Electric (up 5.62 per cent) and Walchandnagar Industries (up 5.58 per cent) were trading over 5 per cent higher around the same time.
Indian equity market was in the negative territory tracking weak global cues.Investors held back their bets as RBI's monetary policy meeting gets under way.
RBI Governor Urjit Patel-headed Monetary Policy Committee (MPC) is expected to announce its decision on the key policy rates on Wednesday.Global stocks fell as investors awaited critical monetary policy decisions this week.
The Federal Reserve's Federal Open Market Committee too will announce its decision on Wednesday.The NSE Nifty index was trading 18 points down at 11,302, while the BSE Sensex was down 66 points at 37,429 around 09:40 am.In the Nifty index, 22 stocks were advancing, while 28 were declining.Tech Mahindra, Bharti Airtel), NTPC, Dr.
Reddy's Laboratories and Asian Paints were among the top gainers in the Nifty index.On the other hand, BPCL, Indiabulls Housing Finance, BPCL, HDFC and Vedanta were among the top losers in the Nifty pack of stocks.