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Stock Market Opening Bell: Benchmark Indian equity indices, Sensex and Nifty, opened higher on Monday as the three-day meeting of the Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) commenced. According to a Business Standard poll, the MPC is widely expected to maintain the status quo and keep key interest rates unchanged.

The BSE Sensex jumped 162.31 points to 80,588.77, while the Nifty 50 rose 73.85 points to 24,728.55 in early trade.

On the BSE, BEL, Eternal, and Tata Steel led the gains, whereas Hindustan Unilever, Maruti, and Axis Bank were the top drags. On the NSE, BEL, Eternal, and M&M were among the top gainers, while Hindustan Unilever, Axis Bank, and Maruti lagged.

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Broader markets also moved higher, with the Nifty SmallCap 100 index up 0.18 per cent and Nifty MidCap 100 index rising 0.33 per cent.

Sectorally, Nifty Realty led the gains, climbing 0.87 per cent, followed by the Metal index, up 0.7%. In contrast, the FMCG index fell 0.7 per cent, reflecting selective sectoral movements amid cautious investor sentiment.

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Senior Sub-editor at Zee Business English

shweta.shukla@India.com

Shweta Birendra Shukla is a journalist covering the stock market and corporate affairs, with prior stints at Business ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.