Equity benchmark indices opened higher on Thursday’s morning session ahead of the Reserve Bank of India Monetary Policy Committee announced today.
The stock market extended rally for the fourth consecutive session, with the Sensex gaining 109 points and the Nifty rose 50 points at 12,138.
Cipla, Zee and Adani Ports among top gainers, while losers included Tata Motors, Infratel and Hindalco.
The most active stocks on the NSE are IRCTC, Indiabulls HF and DMart.
The Indian rupee opened marginally lower by 3 paise at 71.24 per dollar vs. Wednesday's close of 71.21/$. On the economy front, the Reserve Bank of India's (RBI) sixth bi-monthly monetary policy statement for 2019-20 will be out later today.
Among sectors, pharma and media gained nearly 1%, while auto, financial services and metal were also up in today’s trade, on the other hand, selling pressure were seen in realty index.
Meanwhile, Asian markets edged up this morning and gold held steady while the dollar stood tall after the release of positive economic data.
Besides, foreign institutional investors (FIIs) bought shares worth Rs248.94cr, and domestic institutional investors (DIIs) purchased shares of worth Rs262.75cr, as per provisional data available on the NSE showed.
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