A morning walk down Dalal Street | RBI may maintain status-quo on rates with support for Nifty at 10,747

The S&P BSE Sensex dropped by over 100 points to close at 36,134 while the Nifty50 end 14 points lower at 10,869.

Investors remained cautious ahead of the outcome of the Reserve Bank of India's (RBI) monetary policy meeting. The Monetary Policy Committee (MPC) will conclude its two-day meet on December 5, 2018. 

Sectorally, IT index rose 1.7 percent while Oil & Gas rose 0.8 percent and on the losing front realty, telecom and FMCG stocks some bit of profit taking

In terms of technicals, Nifty formed a Doji kind of indecisive pattern on charts. On the downside 10,747 will be an important support to watch while on the upside 10950-10930 will act as crucial resistance for the index