Sensex Gains Over 100 Points Ahead Of Monetary Policy, Nifty Hovers At 14,700

Reserve Bank of India Governor Shaktikanta Das will announce the monetary policy decision, at the end of a scheduled review of the Monetary Policy Committee that began on Monday

The domestic stock markets had a mildly positive opening ahead of the monetary policy decision announcement by RBI Governor Shaktikanta Das. At 9:18 am, the BSE Sensex was trading at 49,338.75, higher by 128.55 points or 0.28 per cent and the NSE Nifty was at 14,725.50, up 43.05 points or 0.30 per cent. The broader markets are also trading in the green, with the BSE Midcap and Smallcap indices edging higher by 0.3 per cent each. All the BSE sectoral indices are trading in the green, with the metal and oil indices gaining more than a per cent each. Reserve Bank of India Governor Shaktikanta Das will announce the monetary policy decision, at the end of a scheduled review of the Monetary Policy Committee (MPC) that began on Monday. Experts reckon that the central bank will maintain status quo on policy rates at the first bi-monthly monetary policy review for the new fiscal as the pandemic poses a renewed threat to economic growth. Overnight, the S&P 500 slipped but stayed near closing record highs posted in consecutive sessions, as investors weighed more strong U.S. economic data against nervousness about upcoming quarterly earnings reports.