Sensex ends 352 points higher; Nifty settles at 10166

Sensex ends lower ahead of RBI's monetary policy decision

Sensex ends lower ahead of RBI's monetary policy decision

The Sensitive Index (Sensex) of the BSE, which had closed at 32,949.21 points on Thursday, opened higher at 33,034.20 points.

The broader Nifty too was trading above the key 10,200- level, up by 81.65 points or 0.80 percent at 10,248.35.

Other companies that stood among the pack of gainers on the Sensex include Asian Paints, Maruti Suzuki, Tata Steel, Bajaj Auto, NTPC, Larsen and Toubro, ICICI Bank, Hindustan Unilever, State Bank of India, Tata Motors, Lupin, Adani Ports, Hero MotoCorp, Power Grid and Infosys, rising up to 3.29%.

The 30-share Sensex was trading higher by 190.36 points, or 0.57%, at 33,139.57, with all sectoral indices in the green, led by consumer durables, bank, metal, and auto.

Foreign portfolio investors (FPIs) sold shares worth net Rs 1,075.62 crore yesterday, while domestic institutional investors (DIIs) bought to the tune of Rs 926.68 crore.

Meanwhile, an RBI order mandating banks to lower the merchant discount rate they charge on debit cards did not affect sentiment. "There may be some recovery in the markets ahead of the earnings season and the government budget next month", he added. It has slipped 4.7 percent from a 10-year peak hit on November 23 as investors booked profits after robust gains this year.

Japan's Nikkei was up 1.22 per cent while Hong Kong's Hang Seng rose 0.57 per cent in early trade today.

The broader market depicted a mixed trend, with the BSE mid-cap ending up 0.41 per cent, while small-cap index finished 0.03 per cent down.

The US Dow Jones Industrial Average ended 0.29% higher in Thursday's trade.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.