Sensex
up 200 pts, Nifty above 11,350 ahead of RBI policy; HDFC, Hero Moto top gainers
Market
Update: The hopes of a rate cut by the Reserve Bank
of India is keeping the Indian market aloft.
Around 0935 hours, the 30-share Sensex was 210 points up at 38,317,
while the Nifty index was 53 points up at 11,367
Equity benchmarks Sensex and Nifty
traded with healthy gains, supported by bank, financial and IT heavyweights.
Yes Bank shares jumped 5 percent,
followed by IndusInd Bank, State Bank of India and HDFC, each trading higher by
over a percent.
Stocks
in the News: Hindalco Industries, UCO Bank, Orient
Cement, Dhampur Sugar, New India Assurance
Rupee
Update: Rupee traded with mild gains ahead of RBI
policy rate decision. The Indian currency traded 8 paise higher at 70.82 per
dollar.
Gold
Price Today: Gold prices witnessed profit-taking in
December futures trade on October 4 after registering a rally of more than 1
percent in the previous trading session. However, in the international markets,
prices remain firm amid expectations of a rate cut by the US Federal Reserve.
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