Sensex, Nifty trade higher ahead of RBI monetary policy decision

The BSE Sensex rebounded over 69 points in opening trade, breaking its three-day losing run, ahead of the RBI’s bi-monthly policy meet outcome due later in the day.

The 30-share index recovered by 69.38 points, or 0.19%, to 34,972.59. It had lost 419.17 points in the previous three sessions. Sectoral indices led by FMCG, auto, metal,IT and capital goods rose by up to 0.30%.

The NSE Nifty too went up by 22.65 points, or 0.21%, to 10,615.80. Brokers said investors were seen raising their bets ahead of the 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%.

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 474.33 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 157.51 crore on Tuesday, as per provisional data.

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 Tuesday’s trade.