BSE SENSEX and NIFTY again traded in a tight range bound session for the fifth consecutive day over the weaker global cues. Even a rate cut of 25 basis points from European Central Bank could not cheer up the market and took it to end almost flat. Investors are waiting for some policy action or to establish new reforms from newly appointed finance minister Manmohan Singh to gear up the rally. Indian rupee depreciated by 54 paise or 1 percent on the second consecutive session against the DOLLAR at 55.48. However banking stocks supported the market today as banking major ICICIBANK ended with 1.65 percent gain while Metal stocks and Auto sector put the pressure over the gains.
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