Markets climb in early trade ahead of RBI monetary policy decision

Benchmark equity indices climbed in early trade on Friday, taking their rally to the third day running

New Delhi: Benchmark equity indices climbed in early trade on Friday, taking their rally to the third day running, ahead of the RBI monetary policy decision to be announced later in the day.

Buying in IT stocks added to the positive trend in markets.

In the past two days, the BSE benchmark surged 2,995.46 points or 4.15 percent after Tuesday's massive rout.

Among the 30 Sensex companies, Wipro, Tech Mahindra, Infosys, Tata Consultancy Services, Bajaj Finserv and Tata Steel were among the biggest gainers.

IndusInd Bank, Larsen & Toubro, Kotak Mahindra Bank and ITC were among the laggards.

Global oil benchmark Brent crude climbed 0.05 percent to USD 79.91 a barrel.

Regaining the 75,000 level, the BSE benchmark jumped 692.27 points or 0.93 percent to settle at 75,074.51 on Thursday. The Nifty climbed 201.05 points or 0.89 percent to 22,821.40.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)