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Home > Markets > Sensex, Nifty trade higher in opening deals ahead of RBI policy decision
Markets
Sensex, Nifty trade higher in opening deals ahead of RBI policy decision
By  
PTI   , Published : Dec 5, 2019, 10:14 am IST | Updated : Dec 5, 2019, 10:14 am IST

The 30-share BSE Sensex was trading higher by 84.17 points at 40,934.46 in n opening deals.

The Sensex gains were driven by heavyweight Reliance Industries, followed by automakers like Heromoto Corp and Tata Motors. (Photo: File)
The Sensex gains were driven by heavyweight Reliance Industries, followed by automakers like Heromoto Corp and Tata Motors. (Photo: File)

Mumbai: Indian share market nudged higher in opening deals on Thursday, helped by hopes of a rate cut by the Reserve Bank later in the day and a possibility of a trade deal between the US and China sooner than speculated.

The RBI will announce its monetary policy decision at 1145 hours, followed by a press conference.

The 30-share BSE Sensex was trading higher by 84.17 points at 40,934.46 in opening deals; while the broader 50-share NSE Nifty was up by 21.95 points at 12,065.15.

The Sensex gains were driven by heavyweight Reliance Industries, followed by automakers like Heromoto Corp and Tata Motors.

On the other hand, telecom and IT stocks were trading in the red.

Asian markets were slightly higher on hopes that the US and China might be able to sign a preliminary trade deal, though uncertainties still remained intact due to almost daily shifts in prospects for early talks.

On Wednesday, the Sensex closed at 40,850.29, up by 174.84 points or 0.43 per cent over the previous close.

The Nifty rose by 43.10 points or 0.36 per cent to end at 12,037.30.

Meanwhile, the Indian rupee was trading flat at 71.53 in opening deals.

Foreign investors sold equities worth Rs 781.06 crore on Wednesday, exchange data showed.

end-of
Tags: 
bse, nse, sensex, nifty, stock markets, share markets, trade, trading
Location: 
India, Maharashtra, Mumbai (Bombay)
Latest From Markets
After swinging over 423 points intra-day, the 30-share BSE Sensex ended down by 304.26 points, or 0.73 per cent, at 41,253.74. (Photo: File | PTI)

Sensex tanks 304 points on last day of 2019; Nifty drops below 12,200

The 30-share BSE Sensex fell 108.21 points or 0.26 per cent to 41,449.79, and the broader NSE Nifty slipped to 12,227.75. (Photo: File | AP)

Sensex drops over 100 points amid thin global trade

Besides, weakening of the American currency in overseas market supported the rupee, while steady rise in crude oil prices and weak opening in domestic equities weighed on the local unit, forex traders said.

Rupee rises 8 paise to 71.23 against US dollar in early trade

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