Sensex Rises Over 100 Points Ahead of RBI Monetary Policy Outcome

In the previous session, Sensex ended 303.72 points, or 0.76 percent, higher at 40,182.67, while the broader Nifty climbed 95.75 points, or 0.82 percent, to finish at 11,834.60. Exchange data showed that foreign institutional investors bought equities worth Rs 978.37 crore on a net basis on Thursday.

According to Arjun Mahajan, Head – Institutional Business – at Reliance Securities, Indian equities continue to look resilient at the moment ahead of the Reserve Bank’s monetary policy outcome as it would be crucial for the Banking, financial services and insurance (BFSI) sector and markets. While the Monetary Policy Committee (MPC) may keep policy rates unchanged, market would be keenly watching out commentary of policy documents especially pertaining to MPC stance, GDP and inflation outlook, he noted.