BSE Sensex recovers ahead of RBI policy review

The benchmark Bombay Stock Exchange (BSE) index Sensex rose over 130 points in early trade on Tuesday, after two sessions of losses, on fresh spell of buying by participants ahead of Reserve Bank of India’s (RBI) monetary policy review.

Brokers said besides mixed trend at other Asian bourses and overnight gains in the US markets, selective buying by cautious funds and retail investors ahead of RBI’s policy review due later in the day influenced trading sentiments.

The 30-issue BSE barometer, which had lost 559.50 points in the previous two sessions, recovered by 130.79 points (or 0.44 per cent), to 29,253.06, with consumer durables, FMCG, oil & gas, auto and banking sector stocks leading the rise.

The broader 50-share National Stock Exchange (NSE) index Nifty gained 26.00 points (or 0.30 per cent), to 8,823.40 in early trade.

Among other Asian markets, Hong Kong Hang Seng moved up 0.24 per cent, while Japan’s Nikkei shed 0.27 per cent in early trade on Tuesday.

The US Dow Jones Industrial Average ended 1.14 per cent higher in Monday’s trade.

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