The Nifty was down by 24 points at 12018 and the sensex was down 70 points at 40779, the RBI policy was today rates remain unchanged. FY 2020 growth forecast cut to 5% from 6.1%.

But tax cuts by the Indian Government in the run up for the budget will boost the market sentiment.Indias Nifty 50 index has surged more than 11% this year , mostly due to the surprise corporate tax cut in September 20. Markets remain in a trading range. Source Bloomberg quint and Money