The market is volatile in early trade on Wednesday with the Nifty hovering around 6150 level as investors are cautious ahead of announcement of RBI policy. The Sensex rose 36.34 points to 20,648.48, and the Nifty advanced 11.40 points to 6,150.45. Indian rupee breached the 62-mark against the dollar in early trade. It opened higher by 19 paise at 61.82 as compared to Tuesday's close of 62. The big event for the day is RBI policy. Every expert on the street expects the central bank to hike repo rate - at which banks borrow money from RBI - by 25 basis points due to disappointment on inflation front. On the global front, Asian markets are cautious ahead of US Fed's monetary policy outcome tonight, but Nikkei rose more than a percent following strong export data. US markets ended slightly lower ahead of Fed taper decision and European markets too closed lower. On BSE,small cap and Midcap are trading higher by 0.46% and 0.57% respectively and on sectoral front, Capital Goods is the outperformer to gain 1.13% while Metal is the only sector to trade lower today.
Further the market breath stands positive with 768 shares are seen advancing against 343 declining shares.
Further the market breath stands positive with 768 shares are seen advancing against 343 declining shares.
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