Stock Market Updates: Sensex Gains Over 100 Points, Nifty Above 25,450; BEL, Eternal Rise 2% Each

Sensex Today: Benchmark Indian equity indices, Sensex and Nifty, opened higher as the three-day meeting of the Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) commenced today.

According to a Business Standard poll, the MPC is widely expected to maintain the status quo and keep key interest rates unchanged. That said, the BSE Sensex opened 162.31 points higher at 80,588.77. Likewise, Nifty 50 rose 73.85 points to 24,728.55 levels.

Global Cues

Globally, investors are watching the UK’s money supply data, Euro Area’s economic sentiment figures, and Japan’s BoJ JGB purchase data. The Reserve Bank of Australia also commences its two-day policy meeting today.

In Asia-Pacific trade, markets were mixed. Australia’s S&P/ASX 200 gained 0.43 per cent, South Korea’s Kospi rose 1.05 per cent, while Japan’s Nikkei 225 slipped 0.68 per cent.