Tuesday, 7 April 2015

Morning Summary, Market Synopsis: 7th April, 2015

Markets open higher ahead of RBI policy: The markets have extended the gains of the previous session, amid firm global cues, ahead of the Reserve Bank of India's policy meet later in the day. The Reserve Bank of India is widely expected to maintain status quo on key interest rates at its first bi-monthly Monetary Policy for 2015-16 after announcing two rate cuts since the beginning of this calendar year.
At 9:30 AM, the 30-share Sensex was up 65 points at 28,569 and the 50-share Nifty was up 15 points at 8,675. In the broader markets, the BSE Mid-cap index was up 0.6% and the Small-cap index was up 0.3%. The Indian rupee opened marginally lower at 62.22 per dollar on Tuesday versus 62.18 Monday.

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