NSE & BSE trade higher ahead of RBI's policy decision

Mumbai: Benchmark equity indices climbed in early trade on Thursday ahead of the RBI policy decision to be announced later in the day. Fresh foreign fund inflows also added to the optimism in the equity market.
The 30-share BSE Sensex climbed by 85.64 points to reach 63,228.60 in early trade. The NSE Nifty advanced by 25.55 points to reach 18,751.95.

Status of previous trading session

The Sensex had climbed by 350.08 points or 0.56 percent to settle at 63,142.96 on Wednesday. The NSE Nifty advanced by 127.40 points or 0.68 percent to end at 18,726.40. Foreign Institutional Investors (FIIs) bought equities worth Rs 1,382.57 crore on Wednesday, according to exchange data.

Position of stocks listed in BSE

From the Sensex pack, NTPC, Power Grid, Tata Motors, Tata Steel, Asian Paints, Larsen & Toubro, IndusInd Bank, and UltraTech Cement were the major gainers. Kotak Mahindra Bank, Axis Bank, HCL Technologies, Wipro, Tech Mahindra, Tata Consultancy Services, and Bajaj Finance were among the laggards.

Performance of markets worldwide

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were trading lower. The US markets ended mostly lower on Wednesday. "Domestically, the important cue to watch would be the RBI commentary today," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Global oil benchmark Brent crude dipped 0.25 percent to USD 76.76 a barrel.

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