The BSE Sensex surged 1 % in early trade on Friday ahead of the Reserve Bank of India's policy meet, due later today.
"All eyes are set on the RBI which is expected to hike interest rates by another 25 bps and that is largely recokned in. If RBI however decides not to raise rates in this policy review, markets may rally as easing global worries and prospects of rates topping out will cause equities to head north,".At 9:18 a.m., the 30-share BSE index was trading 0.9% higher at 17,032.05 points, with 22 of its components advancing.
The broader 50-share NSE index was up 0.7 per cent to 5,115.40.
"All eyes are set on the RBI which is expected to hike interest rates by another 25 bps and that is largely recokned in. If RBI however decides not to raise rates in this policy review, markets may rally as easing global worries and prospects of rates topping out will cause equities to head north,".At 9:18 a.m., the 30-share BSE index was trading 0.9% higher at 17,032.05 points, with 22 of its components advancing.
The broader 50-share NSE index was up 0.7 per cent to 5,115.40.
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