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Stock market advisory tips, Sensex up 135 points; RBI policy review, Gujarat elections eyed
The Sensex and Nifty opened the session on a positive note owing to firm global cues. Domestic sentiment was buoyed ahead of RBI monetary policy and Gujarat elections later this week.
The 30-share BSE index Sensex was up 135.08 points at 32,968.02 and the 50-share NSE index Nifty was up 33.35 points at 10,155.15.
The Reserve Bank of India’s monetary policy committee is likely to keep the policy repo rate on hold in the upcoming monetary policy review on account of various factors, including likelihood of retail inflation nudging up due to higher prices of vegetables and protein items, rising crude oil prices, risk of fiscal slippage, and possibility of the US Fed upping interest rates.
A curious catalyst has surfaced in the electoral chemistry of Gujarat.
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