Sensex up 350 point; all eyes on RBI policy announcement tomorrow
Mumbai: A day ahead of Reserve Bank of India’s policy announcement, the Indian stock market remain volatile through out the day and the BSE sensex ended 350 point up to close at 74227.63 on the strength of IT, Bankex and Consumer Durable stocks.
The RBI is scheduled to announce policy rates tomorrow.
The National Stock Exchange (NSE) gained 80 points at 22,514.65. The NSE registered days high and low at 22,619 and 22,303.80 points respectively.
All indices ended in green. There has been a mixed trend among FII. They sold equities worth Rs 2,213 crore yesterday in cash segment while in Future segment also they sold more than Rs 10,315 crore. However, the domestic Institutional Investors (DIIs) bought over Rs 1102 crore.
The Sensex opened on a positive note at 74413.82, up 537 points. During the day it went up by 625 points at 74501 points, day’s high before closing at 74227.63, advancing 350.81 points from its previous close.