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Opening bell – Markets open at record high ahead of RBI’s policy outcome

At 09:15 AM, Nifty opened at 10136 level, up by 22 points while Sensex opened at 32641 level, up by 66 points.

Lupin was top Nifty gainer trading at Rs 1032.2 per share, up by 1.4% whereas ONGC was top Nifty loser trading at Rs 165.9 per share, down by 0.9%.

Bank Nifty opened at 25190 level, up by 67 points and was trading at 25158 level, up by 39 points ahead of RBI’s monetary policy decision. Punjab National Bank was top gainer in the index trading at Rs 159.1 per share, up by 1.02% ahead of its quarterly result.

There were 893 advances, 532 declines and 498 unchanged stocks on NSE reflecting fairly positive undertone.

The rupee opened at 64.12 per US Dollar.

US stock-market indices closed higher on Tuesday with the Dow reached another new record closing high. The Dow Jones Industrial Average edged up 73 points to 21,964, the Nasdaq Composite Index surged 15 points to 6,363 and the S&P 500 rose 6 points to end at 2,476.

Asian stocks were trading in positive territory in early trade on Wednesday. Japan’s Nikkei 225 has climbed 86 points.  Hong Kong’s Hang Seng has rose 129 points and China’s Shanghai Composite trading flat.