Markets end modestly higher as RBI policy meet begins

Benchmark equity indices ended marginally higher after a choppy session on Tuesday, with investors largely remaining on the sidelines as the RBI's monetary policy review meeting got underway.

Lack of cues from overseas markets also affected the momentum, traders said.

After a subdued opening, the 30-share Sensex ended 34.07 points, or 0.09 per cent, higher at 36,616.81.

Similarly, the NSE Nifty edged up 22.10 points, or 0.20 per cent, to 10,934.35.

In the Sensex pack, Hero MotoCorp, IndusInd Bank, Bajaj Auto, Maruti and M&M were the top gainers, spurting up to 2.66 per cent.

On the other hand, Tata Motors, Coal India, ONGC, Tata Steel, Yes Bank, Sun Pharma, ITC and ICICI Bank fell up to 2.63 per cent.

Investors were awaiting cues from the Reserve Bank of India's monetary policy review, traders said.