Opening Bell: Sensex opens up 345 pts, Nifty nears 10,250 ahead of RBI policy

Market Live: Sensex opens up 345 pts, Nifty nears 10,250 ahead of RBI policy

Market Live: Sensex opens up 345 pts, Nifty nears 10,250 ahead of RBI policy.

The SGX Nifty also indicated strong opening for the frontliners, rising 153 points to 10,283 on the Singapore Stock Exchange.

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Market Opening: Benchmark indices bounced back sharply, tracking strong lead from global stocks and ahead of RBI monetary policy outcome.

The 30-share BSE Sensex was up 345.45 points or 1.05 percent at 33,364.52, and the 50-share NSE Nifty rose 112.80 points or 1.11 percent to 10,241.20.

Tata Steel, UPL, Yes Bank, Tata Motors, Bajaj Finserv, M&M, Eicher Motors, Grasim, Adani Power, Kotak Mahindra Bank, L&T, IndusInd Bank, ITC and SBI gained up to 3 percent.

Nifty Midcap index rallied 1.6 percent. Nifty IT was up 1.3 percent and PSU Bank rose 1.6 percent.

Future Consumer, Delta Corp, Edelweiss Financial, Jet Airways, Voltas, Natco Pharma, InterGlobe Aviation, Dilip Buildcon and Bhansali Engineering rallied up to 5 percent.

Indian rupee opens 12 paise higher at 65.03 per dollar.

Utilise upsides in the pair to go short in USD-INR, says ICICIdirect.

The Indian rupee opened higher by 12 paise at 65.03 per dollar on Thursday versus previous close 65.15.

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According to ICICIdirect, the near-month dollar-rupee April contract on the NSE was at 65.33. The April contract open interest declined 5.99% from the previous day.

We expect USD-INR to meet supply resistance at higher levels. Utilise upsides in the pair to go short in USD-INR.

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