Indian equities displayed indecision on Friday, as investors awaited the Reserve Bank of India's imminent decision on interest rates.
The prevailing market consensus anticipates a 25 basis points reduction in the RBI's benchmark repurchase rate, bringing it to 6.25 percent. However, there is speculation among some analysts that the central bank may opt for a more aggressive 50 basis points cut.
Additionally, market participants are vigilant for any announcements regarding further liquidity enhancement measures by the RBI.
In early trading, the S&P BSE Sensex index inched up slightly to 78,085, while the broader NSE Nifty index remained largely unchanged at 23,608.
Within the sector movements, Mahindra & Mahindra experienced a modest increase of approximately 1 percent, whereas LIC saw a 1 percent decline as both prepared to disclose their earnings figures.
Britannia Industries posted a 0.6 percent gain after revealing a 4.6 percent increase in its third-quarter consolidated net profit. Conversely, ITC faced a 2 percent downturn following a reported 7.5 percent annual decline in quarterly profits.
Bharti Airtel surged 4.5 percent after announcing an impressive over five-fold rise in its third-quarter consolidated net profit. Hero MotoCorp also performed well, rising 0.7 percent on the back of a 12 percent increase in its third-quarter profits.
Meanwhile, Zomato saw a 1.2 percent rise after its board authorized a name change to 'Eternal'.
