Sensex edges higher; rate-sensitive stocks lead
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.
- Tweet this
- Share this
- Digg this
- Malaysia military source says missing jet veered to west
- U.S. drug regulator approves headband device to prevent migraines
- UPDATE 3-Time running out for EU bid to engage Russia, Germany warns
- UPDATE 3-Men's Wearhouse stitches up deal to buy Jos. A. Bank
- When Zach met Barack: pitching Obamacare online
Consumer inflation and industrial output data on Wednesday will likely offer little evidence of a respite from high inflation and weak economic growth before a general election that begins next month. Full Article
India halts plan to join global bond indexes, defers Euroclear - sources. Full Article
EXCLUSIVE - India to slash Iran oil imports to meet nuclear deal parameters: sources. Full Article