Stock Market Opening Bell: Benchmark Indian equity indices, Sensex and Nifty, opened higher on Monday as the three-day meeting of the Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) commenced. According to a Business Standard poll, the MPC is widely expected to maintain the status quo and keep key interest rates unchanged.
The BSE Sensex jumped 162.31 points to 80,588.77, while the Nifty 50 rose 73.85 points to 24,728.55 in early trade.
On the BSE, BEL, Eternal, and Tata Steel led the gains, whereas Hindustan Unilever, Maruti, and Axis Bank were the top drags. On the NSE, BEL, Eternal, and M&M were among the top gainers, while Hindustan Unilever, Axis Bank, and Maruti lagged.
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Broader markets also moved higher, with the N