Nifty continues to gain ahead of RBI policy; Re gains past 68/$

Epic Update RBI
Epic Update RBI

The buying interest continued in afternoon trade on hopes of repo rate cut in RBI policy that will be announced on Wednesday. 
Nifty Realty index gained the most among sectoral indices, up nearly 2 percent while PSU Bank rose 0.8 percent.

The 30-share BSE Sensex was up 113.23 points at 26462.33 and the 50-share NSE Nifty climbed 41.30 points to 8170.05 while the BSE Midcap and Smallcap jumped 0.8 percent each on positive breadth.

About 1657 shares advanced against 897 declining shares on the exchange.

The rupee appreciated further on weakness in dollar, gaining past the 68 a dollar. It advanced 27 paise to 67.94 against the US dollar.

HDFC retained its top position in the buying list, up 3 percent followed by Infosys, Tata Motors, SBI, Adani Ports and ONGC with more than a percent gain. However, HUL and ITC fell a percent each.
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