Nifty, Sensex Open Positive Ahead Of RBI MPC Decision

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Business

oi-Roshni Agarwal

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Updated: Friday, December 4, 2020, 9:16 [IST]

On overnight record gains on the Nasdaq and positive SGX Nifty, Indian indices started on a positive note with Nifty up 0.32% at 13167. Broader indices also were trading higher in comparison to benchmark indices with Nifty Midcap 100 up by 0.51 percent.

Rate sensitive stocks such as bank, housing, auto stocks shall be in focus after the RBI will announce its bi-monthly MPC outcome today.

Nifty, Sensex Open Positive Ahead Of RBI MPC Decision

Nifty, Sensex Open Positive Ahead Of RBI MPC Decision

Shares in NCC gained after Rakesh Jhunjhunwala increased his stake in the company to 13.7 percent.

Canara Bank has increased it fixed deposit rate with a maturity period of at least 2 years to 5.4 percent.

Telecom stock as well as airline stocks shall remain in focus after data on client acquisition for the month of September for September month. And in respect of the later, the govt. allowed airlines to operate at 80 percent of pre-Covid capacity.

Meanwhile, Asian indices at the time of writing this copy were however trading week with Japan’s Nikkei down by 0.44 percent.

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