India's equity benchmarks opened higher on Tuesday, after falling for seven straight sessions, supported by high-weight financials after the central bank eased lending norms and as metal stocks rose on dollar weakness.
The Nifty 50 was up 0.38% at 24,725.15, while the BSE Sensex added 0.37% to 80,648.72, as of 9:22 a.m. IST.
All 16 major sectors logged gains at the open.
High-weight financials and banks gained 0.5% each while private banks (.NIFPVTBNK) rose 0.6%.
The rise comes after the Reserve Bank of India eased lending norms while tightening oversight. Its monetary policy decision is due on Wednesday. Nearly three-quarters of economists in a Reuters poll expecting rates to remain unchanged.
Metals advanced 1% and were the top sectoral gainers, supported by a weaker dollar and concerns over global supply. A weak dollar makes metals cheaper for holders of other currencies.
The broader small-caps and mid-caps gained 0.2% and 0.3%, respectively.(Reuters)
Sumber : Reuters
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