Business

Markets Rise In Early Trading Ahead Of RBI’s Interest Rate Decision

Equity benchmark indices rose in early trading on Thursday, ahead of the Reserve Bank of India’s interest rate decision, as global markets rallied.

The 30-share BSE Sensex climbed 321.42 points to 72,473.42 in early trading. The Nifty jumped 80.55 points to 22,011.05.

The notable gainers were PowerGrid, HCL Technologies, IndusInd Bank, State Bank of India, Mahindra & Mahindra, Tata Consultancy Services, and NTPC.

Among the laggards were Asian Paints, Maruti, ITC, and Bajaj Finance.

In Asian markets, Seoul, Tokyo, and Shanghai were all up, while Hong Kong was down.

The US markets closed higher on Wednesday.

Brent crude gained 0.42 percent to US$79.54 a barrel.

According to the exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 1,691.02 crore on Wednesday.

On Wednesday, the Bombay Stock Exchange benchmark slipped 34.09 points, or 0.05 percent, to 72,152, while the Nifty closed up 1.10 points, or 0.01 percent, at 21,930.50.

Also read: Scientists Say January Was The Warmest Month On Record

Spriha Rai

Recent Posts

Bank Nifty Hits Record 57,000, Sensex And Nifty Close In Green

The Indian stock markets closed in the green on Monday, with Bank Nifty touching a…

24 mins ago

Man Discovers ₹1 Lakh In JSW Steel Shares Bought By His Father Turns Into ₹80 Crore After 30 Years

A Reddit user's discovery of old JSW Steel share certificates bought by his father in…

51 mins ago

PM Modi Pays Tribute To Birsa Munda On 125th Death Anniversary; Hails Tribal Icon’s Sacrifice

Prime Minister Narendra Modi on Monday paid tribute to tribal freedom fighter Bhagwan Birsa Munda…

1 hour ago

Astronaut Shubhanshu Shukla To Become First Indian On ISS; Aims To Inspire A Generation For Space

Indian astronaut Shubhanshu Shukla is set to make history by becoming the first Indian to…

2 hours ago

PM Modi’s 11-Year Tenure Lauded For Good Governance And India’s Global Rise

As Prime Minister Narendra Modi completed 11 years in office, leaders across political parties praised…

2 hours ago

PM Modi’s Vision Powers Up Uttar Pradesh: Adani To Build 1600 MW Plant In Mirzapur

Mirzapur in UP is set to become a major energy hub with the launch of…

4 hours ago