Markets open higher ahead of RBI policy decision

The market breadth was positive on the NSE as 974 shares rose, 537 shares fell and 568 shares were unchanged.

Equity benchmark indices opened higher on Friday ahead of RBI's policy meet outcome. The Sensex was up 211 points at 38,318, and the Nifty rose 48 points at 11,361.

The market breadth was positive on the NSE as 974 shares rose and 537 shares fell and 568 shares were unchanged.

Yes Bank, IndusInd Bank, ONGC, BPCL and State Bank of India were among the top gainers on the NSE, while Zee, HCL Tech and Grasim were among the top losers.

On the sectoral front, except for the IT sector, all other indices are trading higher with the maximum gain of 1%.

The Indian rupee opened higher at 70.81 against the greenback.

Meanwhile, oil futures edged higher but were on track for a large weekly loss on fears that slower global economic growth will hurt fuel demand, while Saudi Arabia said it has fully restored oil output after recent attacks.

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