Sensex, Nifty open with gains; investors eye RBI policy meeting


Equity benchmark indices climbed in early trade on Tuesday amid buying in IT majors, mainly Tata Consultancy Services and Infosys along with fresh foreign fund inflows.

After a firm beginning, the 30-share BSE Sensex climbed 243.4 points to 71,974.82 in early trade. The Nifty went up by 72.9 points to 21,844.60.

At 10:20 am, Sensex was trading 253.64 points higher at 71,985.06, whereas Nifty was trading 75.75 points up at 21,847.45.

Among the Sensex firms, Tata Consultancy Services, Bharti Airtel, HCL Technologies, Wipro, Maruti, Infosys, Tech Mahindra, Tata Motors, Hindustan Unilever and Mahindra & Mahindra were the major gainers.

Power Grid, NTPC, Axis Bank and JSW Steel were among the laggards.

Going ahead into this week, investors will keep track of the three-day RBI monetary policy meeting that starts today. The RBI typically conducts six bimonthly meetings in a financial year, where it deliberates interest rates, money supply, inflation outlook, and various macroeconomic indicators.


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