Sensex rises for 2nd straight day ahead of RBI's monetary policy announcement
Rising for the second straight day Tuesday, the benchmark Sensex rose over 43 points on optimistic buying by investors ahead of announcement of RBI's monetary policy review scheduled for tomorrow.
New Delhi: Rising for the second straight day Tuesday, the benchmark Sensex rose over 43 points on optimistic buying by investors ahead of announcement of RBI's monetary policy review scheduled for tomorrow.
The 30-share index ended higher by 43.66 points, or 0.17 percent, to 26,392.76 after moving in range of 26,502.43 -26,356.02. The gauge had gained 118.44 points in the previous session.
The NSE Nifty also gained 14.40 points, or 0.18 percent, to 8,143.15.
In Asia, most of the stock indexes rallied today as investors rediscovered their appetite for risk after the previous day`s losses fuelled by Italian uncertainty.
Markets were jolted and the euro tumbled to a 20-month low Monday after Prime Minister Matteo Renzi said he would resign in the wake of losing a referendum on constitutional reform.
But players had moved on by Tuesday and attention was turning back to the Federal Reserve`s expected interest rate rise next week, with traders hoping it will give some indication of its plans for 2017 as US President-elect Donald Trump embarks on a big-spending programme that will likely fan inflation.
On stock markets Tokyo ended 0.5 percent higher, while Hong Kong was up 0.8 percent. Shanghai ended down 0.2 percent.
Sydney gained 0.5 percent, Seoul was 1.4 percent higher and Taipei put on one percent.
The gains were also prompted by the Dow`s second record close in three days, helped by a jump in activity in the key US services sector.
At the start of European trade London, Paris and Frankfurt were all flat, while Milan edged up 0.2 percent.