Indian indices opened on a positive note on June 7 with Nifty around 18700.
Indian indices opened on a positive note on June 7 with Nifty around 18700.
The Sensex was up 216.52 points or 0.34% at 63,009.40, and the Nifty was up 72.40 points or 0.39% at 18,671.40. About 1583 shares advanced, 420 shares declined, and 110 shares unchanged.
Nestle India, Britannia Industries, Power Grid Corp, Infosys and HDFC Life were among major gainers on the Nifty
Markets are likely to advance in early Wednesday trades on the back of positive cues from the overnight US markets. However, sideways movement could be seen ahead of the RBI's monetary policy outcome on Thursday, as traders would be keenly focussed on the central bank's forward looking comments on inflation, interest rate and growth expectations for the current financial year.
Technically, bulls are likely to get more conviction above the Nifty's 18864 mark. On the global front, traders will await the US May consumer price index (CPI) to trickle in on June 13, as this will be the last big data point to be released before the next Fed meeting to be wired on June 14.
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