BSE rebounds 69 points; market opens higher ahead of RBI-policy
What's the story
BSE Sensex rebounded over 69 points in opening trade, breaking its three-day losing run, ahead of RBI's bi-monthly policy meet. The 30-share index recovered by 69.38 points, or 0.19%, to 34,972.59. It lost 419.17 points in the previous three sessions. FMCG-led indices, auto, metal, IT, and capital goods rose up to 0.30%. The NSE Nifty also went up by 22.65 points or 0.21%.
Raising bets
Investors seen raising their bets: Brokers
Brokers said investors were seen raising their bets ahead of the RBI monetary policy announcement. Besides, a mixed trend at other Asian bourses influenced the trading sentiment in the domestic market. Shares of Bharti Airtel, Coal India, L&T, Tata Motors, M&M, Adani Ports, ITC, Sun Pharma, Bajaj Auto, Maruti Suzuki, Power Grid and Infosys climbed up to 1.48%.
Details
Asian bourses, domestic markets rising
Meanwhile, domestic institutional investors bought shares worth a net Rs. 474.33 crore, while foreign portfolio investors sold shares worth Rs. 157.51 crore yesterday. Among other Asian markets, Japan's Nikkei rose 0.19%, while Hong Kong's Hang Seng edged up 0.31% in their early trade. However, Shanghai Composite Index shed 0.15%. The US Dow Jones Industrial Average ended 0.06% lower in yesterday's trade.