Indian equity indices opened Wednesday’s trading session on a higher note as the Reserve Bank of India (RBI) will be announcing its decision on key lending rates. The NSE Nifty 50 opened 47 points or 0.19% higher at 24,658. The BSE Sensex opened 105 points or 0.13% higher at 80,373.

The Bank Nifty opened 90 points or 0.17% higher at 54,726. Similarly, the small and midcap stocks opened the day higher. The Nifty Midcap rose 156 points or 0.28% to open at 56,685.

Technically, after a muted open, the entire day’s market hovered between the 24,600 and 24,730 zones. There was non-directional intraday activity, with a small bearish candle indicating indecisiveness between the bulls and the bears. “We believe that the intraday market texture is non-directional; perhaps traders are waiti

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