Mumbai: 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.
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.
PTI
