In the first half of Wednesday's trading session, Nifty heavyweights Reliance Industries (RIL), Larsen & Toubro (L&T), and HDFC were gripped by bear. On the other hand, Tata Motors' share price gained 7 percent on after a double-digit growth in Land Rover lifted overall sales in the United States. Nifty closed with a positive bias after hovering through a wavy course ahead of the Reserve Bank's policy meet outcome. Sectoral perspective says that the action of optimism for fresh buys are visible in sectors like metals, consumer durables, IT and banking stocks. From Nifty option chain, we can see near next support level for Nifty will be at 12,000.