Bombay Stock Exchange building. (Image: Wikimedia Commons)
Sensex and Nifty opened higher on Tuesday following the positive cues from the Wall Street’s record closing on Friday last week. BSE Sensex advanced 254 points to open at 31,537.81 points while NSE Nifty added 104.7 points to start at 9893.3 points. The two-day bi-monthly policy meeting of the Reserve Bank of India will be starting from today. The outcome of RBI policy meeting, macroeconomic data points and investment trend of overseas investors will guide the Indian stock markets this week. Foreign institutional investors pulled out over Rs 11,000 crore from stock markets in September. US stocks started the fourth quarter on a strong note on Monday, with all three major indexes hitting record high closes as data pointed to underlying strength in the economy.
9.42 am: Sensex tops 31,600 ahead of RBI’s policy meet; Tata Motors jumps nearly 7%: Sensex and Nifty opened higher on Tuesday following the positive cues from the Wall Street’s record closing on Friday last week. Tata Motors was the biggest gainer on Sensex after the automaker posted a 25% increase in domestic sales at 53,965 units in September.
8.50 am: Stocks of Maruti Suzuki, Hero MotoCorp, Tata Motors, Bajaj Auto, DLF, Eicher Motors, TCS will be in focus today: Sensex and Nifty are likely to open higher on Tuesday following the record closing of Wall Street stocks on Friday.
