Sensex opens higher; RBI policy eyed Analysis for Aug 04, 2014

Posted By: Religare
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The key domestic benchmarks opened higher today as the Sensex was up by more than 100 points tracking gains in realty and consumer durables stocks amid positive cues from Asian markets as the US economy added more than 200K jobs for the sixth month in a row in July, signaling a pickup in the world"s biggest economy, lifting the demand for risky assets. However, caution ahead of the RBI monetary policy decision tomorrow where the central bank is likely to maintain status quo on key policy rates, and results of blue-chips due this week including SBI, Hero MotoCorp and M&M trimmed gains in the Sensex.

At 09:26 AM, BSE SENSEX was at 25,582.32, up by 101.48 points or by 0.40 per cent and the NSE Nifty was at 7,643.65, up by 41.05 points or by 0.54 per cent (At 09:30 AM).

The BSE MIDCAP was at 9,177, up by 62.67 points or by 0.69 per cent, while the BSE SMLCAP was at 9, 998.06, up by 107.09 points or by 1.08 per cent.

The BSE Sensex touched intraday high of 25645.43 and intraday low of 25562.85.

Realty and Consumer Durables were up 1.61 per cent and 1.41 per cent, respectively.

The top gainers at the BSE Sensex were Axis Bank (up by 1.47 per cent at Rs 393.20), ICICI Bank (up by 1.22 per cent at Rs 1,494.40), Tata Steel (up by 1.07 per cent at Rs 555.10), L&T (up by 1.06 per cent at Rs 1,487.50) and Infosys (up by 0.94 per cent at Rs 3,371.65).

Story first published: Monday, August 4, 2014, 10:00 [IST]
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