Today's Nifty Index Market Analysis and Report

The 50-share Nifty index is expected to open flat on Wednesday following muted trend seen in other Asian markets. However, investors back home are likely to take cues from RBI monetary policy which will be out later today. 

Markets ended flat with a negative bias on Tuesday as investors turned cautious and booked profits in bank shares on fears that the RBI might hike key rates by over 25 basis points on the back of rising inflation levels.  

The 30-share Sensex ended down 47 points at 20,612 and the 50-share Nifty ended below its 50-DMA of 6,142 at 6,139 down 15 points.

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