Sensex, Nifty open moderately higher ahead of RBI policy outcome
Equity benchmarks opened moderately higher amid consolidation on Wednesday as investors awaited outcome of two-day Monetary Policy Committee due later today.
The 30-share BSE Sensex was up 47 points at 31,237.56 and the 50-share NSE Nifty gained 20.25 pointsa at 9,657.
GAIL, Bharti Airtel, ICICI Bank, M&M, Hero Motocorp, Vedanta and Bharti Infratel were early gainers while Dr Reddy's Labs, Wipro, TCS, Cipla, Tata Motors, BPCL and Tata Power were under pressure.
The Indian rupee extended losses on Wendesday. It opened at 64.49 against the US dollar, down 7 paise compared with Tuesday's closing level of 64.42 a dollar.the spot USD-INR pair will trade in a tight range of 64.20 to 64.50 today.
Asia was mixed as markets cautiously awaited the UK election, a European Central bank review and former FBI Director James Comey's testimony to the Senate stateside.
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