Business

Markets Rise In Early Trade Ahead Of RBI’s Monetary Policy Announcement

Benchmark equity indices rose in early trade on Friday, extending their gain for the third day in a row, ahead of the RBI’s monetary policy announcement later in the day.

The 30-share BSE Sensex soared 301.29 points, or 0.41 percent to 75,387.80 in early trade. The NSE Nifty advanced 107.80 points, or 0.47 percent to 22,970.95.

Wipro, LTIMindtree, Tech Mahindra, Infosys, Tata Consultancy Services, Bajaj Finserv, and Tata Steel were the top gainers.

Among the laggards were IndusInd Bank, RECL, Adani Green Energy, Power Finance Corp, Larsen & Toubro, Kotak Mahindra Bank, and ITC.

In Asian markets, Singapore, South Korea, Malaysia, Tokyo, and Thailand were trading higher, while Shanghai, Hong Kong, Indonesia, and Taiwan were trading lower.

European markets finished in the green on Thursday.

US markets closed on a mixed note on Thursday.

Brent crude gained 0.05 percent to USD 79.91 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 6,867.72 crore on Thursday.

On Thursday, the Sensex climbed 692.27 points or 0.93 percent to 75,074.51, while the Nifty jumped 201.05 points or 0.89 percent to 22,821.40.

Also read: Sensex Gains 692 Points, Nifty Ends Above 22k

Spriha Rai

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