Benchmark Equity Indices Edge Up in Early Deals
Equity benchmarks Sensex and Nifty nudged higher in opening deals on Friday as investors looked beyond domestic factors to focus on positive global sentiment.
Mumbai, Dec 6 (PTI) Equity benchmarks Sensex and Nifty nudged higher in opening deals on Friday as investors looked beyond domestic factors to focus on positive global sentiment.
The BSE gauge Sensex moved 103.13 points higher to trade at 40,882.72 in opening deals; while the NSE barometer Nifty added 22.50 points to 12,040.90.
On Thursday, the 30-share BSE index ended lower by 70.70 points or 0.17 per cent. The index swung between losses and gains after the Reserve Bank of India (RBI) kept the rates unchanged.
The Nifty settled the day with a loss of 24.80 points or 0.21 per cent at 12,018.40.
Meanwhile, the rupee was trading flat in opening trade on Friday.
On Thursday, The RBI unexpectedly kept benchmark interest rate unchanged at 5.15 per cent and reverse repo rate at 4.90 per cent on concerns of headline inflation breaching its medium-term target.
However, the RBI promised to continue with its accommodative stance in its monetary policy.
Asian stocks were trading higher on Friday as investors hoped US-China trade talks would move in direction after positive signals from American President Donald Trump.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)