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By: PTI|Mumbai |
Published: February 6, 2020 10: 32: 21 am
BSE in Dalal Street, Mumbai. (Express photo by Nirmal Harindran)
Market criteria Sensex jumped over 100 points in opening session on Thursday ahead of the outcome of Reserve Bank of India’s financial policy review amidst strong cues from international markets.
The 30- share BSE index was trading 125.32 points or 0.30 per cent higher at 41,26798, and the broader NSE advanced 46.20 points, or 0.38 percent, to 12,13535
In the previous session, Sensex ended 0.87 percent or 353.28 points higher at 41,14266 While, Nifty rose 109.50 points, or 0.91 percent, to settle at 12,08915
Meanwhile, on a net basis, foreign institutional investors purchased equities worth Rs 248.94 crore, while domestic institutional investors acquired shares worth Rs 262.75 crore on Wednesday, information offered with stock market revealed.
HCL Tech, ITC, Maruti, Bajaj Financing, Hero MotoCorp and TCS were the leading gainers in the Sensex pack.
While, Kotak Bank, NTPC, PowerGrid and HDFC were the laggards.
According to traders, financiers are bullish ahead of result of the Reserve Bank of India’s (RBI) sixth bi-monthly monetary policy statement for 2019-20
This will be the reserve bank’s last monetary policy for the current monetary year.
According to experts, the RBI is likely to keep status quo on rates along with its financial policy position, and to continue an accommodative position to support growth.
Further, strong gains in worldwide markets have actually also increased investor belief here, traders stated,
Bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading with substantial gains.
Exchanges on Wall Street too ended greater on Wednesday.
Brent petroleum futures rose 1.65 per cent to USD 56.19 per barrel.
Best Forex (Click Here For Best Forex Techniques) robot Rupee
The Indian rupee opened on a mindful note at 71.22 versus the US dollar in opening trade on Thursday, registering a rise of 3 paise over its previous close as financiers exercised caution ahead of the RBI’s monetary policy result.
The Reserve Bank of India (RBI) is scheduled to reveal the result of its sixth bi-monthly monetary policy declaration for 2019-20 later in the day.
Forex (Click Here For Best Forex Techniques) traders said favorable opening in domestic equities and foreign fund inflows supported the regional unit, however increasing unrefined oil costs and conditioning of the US dollar weighed on the domestic currency.
The rupee opened at 71.22 at the interbank Forex (Click Here For Best Forex Techniques) market, then lost ground and fell to 71.28, down 3 paise over its last close.
The rupee had settled at 71.25 against the United States dollar on Wednesday.
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