Indian equity markets saw a positive opening on Thursday, on the back of positive global cues and ahead of the RBI policy meet outcome due later today.
Markets largely expect a 25bps rate cut by the RBI to stimulate growth amid the slowdown.
The Sensex rose 61 points at 40,911, and the Nifty was up 14 points at 12,057. (9.19AM)
The sectoral trend was mixed with Nifty PSU Bank leading the gainers.
ICICI Bank, RIL, ZEEL, Tata Motors, and UltraTech Cement were the top gainers, while losers included Bharti Airtel, HDFC AMC, HUDCO, BPCL, and Sun Pharma.
The Indian rupee opened marginally higher at 71.48/$.
Meanwhile, Asian stock markets rose on Thursday amid renewed hopes that the US-China trade deal may be nearing, despite tough talk from President Trump recently.
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