Sensex, Nifty likely to open cautious; HPCL, Lupin, Ajanta Pharma in focus

Indian equity markets are expected to open cautious ahead of the Reserve Bank of India Monetary Policy Committee announcement on Thursday. According to a CNBC-TV18 poll, the MPC is likely to hold rates and keep the stance unchanged. At 7:15 am, the SGX Nifty was trading 17 points or 0.14 percent lower at 12,083, hinting at a muted start for the Sensex and Nifty50.