Ahead of RBI Policy Review, Sensex Climbs 120 Points

The Sensex and Nifty opened higher on Friday, ahead of the Reserve Bank of India’s monetary policy decision.

The BSE Sensex gained 120.72 points, or 0.17 percent, to 69,642.41. The Nifty advanced 46.05 points, or 0.22 percent, to 20,947.20.

JSW Steel led the Sensex gainers with a 1.11 percent gain, followed by HCL Tech, Wipro, IndusInd Bank, NTPC, ITC, M&M, Bajaj Finserv, and HDFC Bank.

ICICI Bank, SBI, Kotak Bank, and Bharti Airtel, on the other hand, were among the laggards.

According to exchange data, foreign institutional investors sold shares worth Rs 1,564.03 crore on Thursday.

The Reserve Bank of India is expected to keep interest rates unchanged in its bi-monthly monetary policy decision, which will be released later in the day.

In Asian markets, Shanghai and Seoul were trading in the green, while Tokyo and Hong Kong were trading in the red.

In overnight activity on Thursday, US markets concluded with substantial gains, with the Nasdaq up more than 1 percent.

Brent crude was up 1.53 percent to USD 75.18 a barrel.

On Thursday, the 30-share index slid 132.04 points, or 0.19 percent, to 69,521.69. The gauge fell to an intraday low of 69,320.53. The Nifty 50 index fell 36.55 points, or 0.17 percent, to 20,901.15.

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