Indian benchmark Index Nifty opened at 8173 yesterday and rose 46 points to make a high of 8219. Nifty sharply fell by 51 points from its high to make a low of 8157 and finally closed at 8165. FII, after a long selling spree ended the day yesterday with a net buying in the cash segment worth Rs.162 Cr for the first time since Nov 9th. The buying however is not very significant hence would need a day or two of continued buying momentum accompanied with above average buying in the cash segment to confirm a clear upside trend.Today, the D Day for RBI governor Urjit Patel's second monetary policy, the markets already have high hopes of a interest rate cut. A rate cut would result in a weaker Rupee which would directly benefit the export oriented companies and rate sensitive companies. IT and the financial services sector would be the direct beneficiaries. Economists surveyed as per Bloomberg, expect RBI to reduce interest rates by 25 bps. Markets seem to have already factored in the upcoming move. Any surprise decision might result in a volatile move.Nifty Dec Futures is expected to open at 8186 as per SGX Nifty at 8:30 am IST, which is 21 points above its previous close of 8165.