Markets Rise Ahead Of RBI’s Assessment Of Its Monetary Policy

Stock markets benchmark equity indices rose early Friday, extending their previous day’s gain, ahead of the Reserve Bank’s monetary policy review.

Firm trends in Asian markets also boosted investors’ confidence. In the early trade, the 30-share BSE Sensex gained 257.41 points to 65,888.98 points. The Nifty climbed 78.25 points, reaching 19,624 points.

Among the major gainers in the Sensex pack were Bajaj Finserv, Titan, Bajaj Finance, JSW Steel, Maruti, Tata Motors, and IndusInd Bank. The laggards were Larsen & Toubro, Hindustan Unilever, Bharti Airtel, and Power Grid.

In Asian markets, Seoul, Shanghai, and Hong Kong were all trading higher, while Tokyo was trading lower. On Thursday, US markets finished modestly down. Brent crude increased 0.33 percent to $84.35 per barrel.

According to the exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 1,864.20 crore on Thursday. On Thursday, the BSE benchmark rose 405.53 points or 0.62 percent to 65,631.57 points. The Nifty ended the day up 109.65 points or 0.56 percent at 19,545.75 points.

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