Key indices edge higher in early trade; RBI Policy in focus: Markets opened higher, amid firm global cues, led by index heavyweights Reliance Industries and ITC. However, RBI Credit policy which is due to be announced later during the day will dictate the trend on the bourses. US stocks ended sharply higher on Monday after a late rally driven by hopes for a Greek debt deal and as energy shares bounced with oil prices.
At 9:45 AM, the S&P BSE Sensex was trading at 29178 up 56 points, while NSE Nifty was trading at 8815 up 15 points. The Mid-cap and Small-cap Index, both, is outperforming the broader indices. The market breadth indicating the overall health of the market is strong. The Indian rupee gained in early trade. It has opened higher by 18 paise at 61.62 per dollar versus 61.80 Monday. The dollar holds steady against the yen and euro. Meanwhile the Canadian dollar and Norwegian crown held onto strong gains following a rebound in oil prices.
At 9:45 AM, the S&P BSE Sensex was trading at 29178 up 56 points, while NSE Nifty was trading at 8815 up 15 points. The Mid-cap and Small-cap Index, both, is outperforming the broader indices. The market breadth indicating the overall health of the market is strong. The Indian rupee gained in early trade. It has opened higher by 18 paise at 61.62 per dollar versus 61.80 Monday. The dollar holds steady against the yen and euro. Meanwhile the Canadian dollar and Norwegian crown held onto strong gains following a rebound in oil prices.
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