Sensex gains ahead of RBI's monetary policy announcement
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Mumbai: Benchmark Indian indices traded higher on Wednesday morning ahead of the Reserve Bank of India's monetary policy announcement ahead of the Reserve Bank of India's monetary policy announcement
The central bank is scheduled to make the monetary policy announcement around 10 am and it is expected that the monetary policy committee (MPC) will maintain the key lending rates due to inflationary pressure along with high bond yields during the first monetary policy review of FY22, experts contended, as reported by IANS.
The Sensex was trading at 49,338.78 around 9.30 a.m, higher by 137.39 points or 0.28 per cent from its previous close of 49,201.39.
It opened at 49,277.09 and has so far touched an intra-day high of 49,407.23 and a low of 49,093.90 points.
The Nifty50 on the National Stock Exchange was trading at 14,738.70, higher by 55.20 points or 0.38 per cent from its previous close.