Sensex edges higher; rate-sensitive stocks lead

Mon Dec 17, 2012 10:23am IST

Traffic travels past the Bombay Stock Exchange (BSE) building in Mumbai December 17, 2007. REUTERS/Punit Paranjpe/Files

Traffic travels past the Bombay Stock Exchange (BSE) building in Mumbai December 17, 2007.

Credit: Reuters/Punit Paranjpe/Files

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Reuters Market Eye - The BSE Sensex is up 0.11 percent while the Nifty gains 0.03 percent.

Interest-rate sensitive stocks gain ahead of Reserve Bank of India's policy review on Tuesday.

ICICI Bank (ICBK.NS) is up 1.08 percent, while Maruti Suzuki (MRTI.NS) gains 2.1 percent.

Although the RBI is not expected to ease policy then, traders said the central bank could cut the cash reserve ratio or sound more dovish on inflation.

Hopes parliament will approve the Banking Amendment bill this week also seen helping shares: Union Bank of India (UNBK.NS) rises 1.81 percent, while Bank of India (BOI.NS) is up 1.13 percent.

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