News Karnataka
Sunday, April 02 2023

Equity indices open higher ahead of monetary policy announcement

Photo Credit :

Mumbai: Ahead of the key monetary policy announcement by the Reserve Bank of India, the Indian equity indices opened on a positive note on Thursday.

Investors expect the sixth consecutive rate cut by the monetary policy committee in the announcement scheduled later in the day, and a cut in line with expectation will boost the markets, analysts said.

At 9.26 a.m, the BSE Sensex was trading at 40,939.26, higher by 88.97 points or 0.22 per cent from the previous close of 40,850.29 points.

It had opened at 40,988.14 and has so far touched an intra-day high of 41,002.41 and a low of 40,908.74.

The Nifty50 on the National Stock Exchange traded at 12,067.95, higher by 24.75 points or 0.21 per cent from its previous close.

Further, development on the US-China trade front would also impact the Indian equity market, analysts said

Share this:
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published. Required fields are marked *

Rohan City Corp

Find the best odds at 10Cric and IPL Betting 2023! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp