Sensex Rises Nearly 100 pts Ahead of RBI Policy Meet

By Staff
Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    The BSE Sensex rose nearly 100 points in opening trade today ahead of Reserve Bank of India's monetary policy review that begins today. The six-member Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, is scheduled for a two-day meet today and tomorrow.

    Sensex Rises Nearly 100 pts Ahead of RBI Policy Meet

    Rising for the third straight session, the 30-share index gathered another 98.15 points, or 0.29 per cent, to 33,468.78. The gauge had rallied by 401.95 points in previous two sessions. Similarly, the NSE Nifty gained another 29.60 points, or 0.28 per cent, to trade at 10,274.60. Major gainers were Tata Motors (3.48 per cent), Hero MotoCorp (0.93 per cent), Bajaj Auto (0.85 per cent), Yes Bank (0.66 per cent), M&M (0.66 per cent), TCS (0.58 per cent), Bajaj Auto (0.58 per cent) and Maruti Suzuki (0.55 per cent).

    Sectoral indices, led by auto, realty, healthcare, consumer durables, IT and metal, were trading in the positive zone with gains up to 1.12 per cent. Brokers said sentiments remained firm largely on the back of sustained buying by DIIs as well as retail investors and positive cues from other Asian cues, tracking gains on the Wall Street. Investors, however, are in a wait-and-watch mode ahead of the RBI's first bi-monthly policy meet for FY19, they added.

    Meanwhile, on a net basis, domestic institutional investors (DIIs) bought shares worth Rs 479.18 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 376.51 crore yesterday, provisional data showed. Elsewhere in Asia, Hong Kong's Hang Seng was up 0.20 per cent, while Japan's Nikkei rose 0.46 per cent in early trade today. Shanghai Composite Index gained 0.72 per cent. The US Dow Jones Industrial Average ended 1.65 per cent higher in yesterday's trade.

    Read more about: sensex rbi
    Story first published: Wednesday, April 4, 2018, 10:34 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    Notification Settings X
    Time Settings
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more