Prior to the RBI's monetary policy announcement, markets increase.
In early trade, the 30-share BSE Sensex gained 254.53 points to 75,329.04, while the NSE Nifty gained 99.4 points to 22,920.80.
Mumbai: Ahead of the RBI's monetary policy announcement later in the day, benchmark market indices rose during early trade on Friday, extending their surge to a third day.
Investing in IT equities contributed to the market's upward trend.
For growth-inflation balance, the RBI maintains the repo rate at 6.5%.
In early trading, the 30-share BSE Sensex increased by 254.53 points to 75,329.04. The NSE Nifty reached 22,920.80, up 99.4 points.
Following Tuesday's big loss, the BSE benchmark increased 2,995.46 points, or 4.15 percent, in the last two days.
Wipro, Tech Mahindra, Infosys, Tata Consultancy Services, Bajaj Finserv, and Tata Steel were among the top gainers among the 30 Sensex businesses.
Among the laggards were ITC, Larsen & Toubro, Kotak Mahindra Bank, and IndusInd Bank.
Seoul saw increases on Asian markets, while Tokyo, Shanghai, and Hong Kong saw decreases in trading.
On Thursday, the US markets finished with mixed results.
The benchmark for world oil, Brent crude, increased by 0.05 percent to USD 79.91 a barrel.
Outsider
What's Your Reaction?
