• Source:JND
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Stock Market: The domestic benchmark indices, Sensex and Nifty 50 opened with gains on Wednesday, ahead of the announcement of the monetary policy of the Reserve Bank of India. Sensex opened at 8,154, up 319 points, while Nifty managed to open at 25,065 with a gain of 52 points.

Investors are waiting eagerly for RBI's monetary policy announcement today. It is anticipated that the Monetary Policy Committee headed by RBI Governor Shaktikanta Das may keep the repo rate unchanged, but it may change the policy stance.

Also Read: RBI Monetary Policy Committee Keeps Repo Rate Unchanged At 6.5%

The Indian stock market performed well on Tuesday and closed with huge gains after six sessions of continuous selling. The Sensex closed 584.81 points or 0.72 per cent higher at 81,634.81, while the Nifty 50 closed 217.40 points or 0.88 per cent higher at 25,013.15.

Wall Street traded with gains after Asian markets performed well. Japan's Nikkei 225 gained 1 percent, while the Topix gained 0.5 percent. Hong Kong's Hang Seng index futures indicated a higher opening. South Korea's markets are closed for a public holiday.

GIFT Nifty was trading around 25,160 levels, with a premium of around 28 points over the previous close of Nifty futures, indicating a mildly positive opening for the Indian stock market.

US stock market indices closed higher on Tuesday on the back of buying in technology stocks. The Dow Jones Industrial Average rose 126.13 points or 0.30 per cent to 42,080.37, while the S&P 500 gained 55.19 points or 0.97 per cent to close at 5,751.13. The Nasdaq Composite climbed 259.01 points or 1.45 per cent to settle at 18,182.92.

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