Sensex Trades Higher; Eyes Monetary Policy

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Benchmark indices opened the day higher ahead of the Monetary Policy due later today. The Sensex was trading with gains of 48 points, while the Nifty was higher by 22 points.

Leading the set of gainers in early trade were Dr Reddy's, Vedanta, Tata Steel and Wipro. Banking stocks saw some early losses ahead of the RBI's Monetary Policy, with Kotak Bank and Bank of Baroda, PNB, Canara Bank and Yes Bank.

Sensex Trades Higher; Eyes Monetary Policy
Mid cap stocks also saw some buying interest with stocks like Unitech and South Indian Bank. Indian Oil was trading higher despite a cut in petrol prices. SpiceJet on the other hand gained after reports that it was entering into a pact with FlyDubai.

IT stocks saw some buying interest on persistent weakness in stocks like Wipro and HCL Tech among the gainers.

Meanwhile, markets across Asia were trading with gains, despite lower closing across the US markets. Among the gainers were the Jakarta Composite, Hang Sang and the Seoul Composite, which all saw gains of more than one per cent.

GoodReturns.in

Read more about: vedanta, tata steel, wipro, unitech
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