Sensex opens 65 points up ahead of RBI policy meet

Sensex opens 65 points up ahead of RBI policy meet
PTI
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First Published: Thu, Dec 16 2010. 09 27 AM IST
Updated: Thu, Dec 16 2010. 09 27 AM IST
Mumbai: The Bombay Stock Exchange benchmark Sensex rose by over 65 points in early trade on Thursday as investors and funds made selective purchases ahead of the RBI’s monetary policy review later in the day.
The 30-share barometer, which fell by 151.42 points in the previous session, recovered by 65.54 points, or 0.33%, to 19,713.31 on the back of a recovery in technology, healthcare and oil and gas sector stocks.
Similarly, the National Stock Exchange’s Nifty index moved up by 18.35 points, or 0.31%, to 5,910.65.
Analysts said the trading sentiment was cautious, with investors hopeful that the RBI would take a breather in its monetary tightening stance.
Meanwhile, in the Asian region, Hong Kong’s Hang Seng index was down by 0.27%, while Japan’s Nikkei shed 0.10% in early trade today. The US Dow Jones Industrial Average closed 0.17% lower in yesterday’s trade.
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First Published: Thu, Dec 16 2010. 09 27 AM IST
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