The benchmark BSE Sensex surged over 150 points and the broader NSE Nifty went past the 10,700 mark in opening trade Monday on the back of widespread gains ahead of the Reserve Bank of India’s board meet amid capital inflows by foreign funds.
The 30-share index was trading 190.81 points, or 0.54 per cent, higher at 35,647.61 points. Sectoral indices, led by realty, metal, auto, IT indices and bankex, advanced up to 1.44 per cent.
The barometer had gained 315.17 points in the previous two sessions. Similarly, the NSE Nifty was up 43.10 points, or 0.40 per cent, at 10,725.30 points. Investors are awaiting cues from the Reserve Bank of India’s board meet later in the day.
Finance Ministry nominees and some independent directors are expected to take on Governor Urjit Patel and his team later in the day over issues ranging from micro, small and medium enterprises credit to the central bank’s reserves, though both sides are in favour of reaching a common ground.