Sensex advances 110 points in choppy trade, banks gain ahead of RBI policy
Benchmark Sensex advanced 110 points in a choppy trade on Wednesday, extending its gains to the fourth day in a row helped by buying in HDFC Bank, ICICI Bank and fresh foreign fund inflows.
The 30-share barometer rose by 110.58 points or 0.14 per cent to settle at 80,956.33 with 14 of its constituents ending with gains and 16 stocks with losses. During the day, it jumped 399.64 points or 0.49 per cent to 81,245.39 and dipped to a low of 80,630.53.
The NSE Nifty rose marginally by 10.30 points or 0.04 per cent to 24,467.45 as gains in IT, realty and banking shares were offset by profit-taking in auto and FMCG shares.
From the 30-share Sensex pack, HDFC Bank, Bajaj Finserv, NTPC, Titan, Tata Consultancy Services, Tech Mahindra, Bajaj Finance and ICICI Bank were the biggest gainers.
Bharti Airtel, Tata Motors, Adani Ports, Power Grid, Maruti, ITC, Reliance Industries and UltraTech Cement were among the laggards.
Foreign institutional investors turned buyers on Tuesday as they bought equities worth Rs 3,664.67 crore, according to exchange data.
Analysts said investors exercised caution ahead of the RBI's monetary policy announcement on Friday.
The BSE midcap gauge climbed 0.83 per cent and smallcap index went up by 0.68 per cent.
