Sensex Surges 86.5 Points Ahead Of Monetary Policy Review

Sensex Surges 86.5 Points Ahead Of Monetary Policy ReviewIndian stock markets remained positive during early trade today prior to the monetary plan review by the central banking institution, which leads to an increase in key interest rates.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which belled the day at 19,227.42, was trading at 19,237.78 after gaining 86.5 points (0.45%) as against its last closure at 19,151.28.

The 50-scrip S&P CNX Nifty of the National Stock Exchange remained 0.43% up to trade at 5,767.75.

Broader market indices were trading moderately up with the BSE midcap index surged 0.35% and the BSE smallcap index was ruling 0.27% higher.

On Monday (Jan 23), Indian bourses marked their closures in the positive terrain ahead of January series F&O expiry and the RBI's monetary plan review.

The scrips from banks, capital goods and automobile topped the gaining charts whereas pharmaceuticals and oil&gas scrips remained weak.

The BSE Sensex closed the day at 19156.54, up 0.78% and the NSE Nifty ended at 5744.25, up 0.84%.

Amongst the sectoral indices, the BSE Bankex surged 2.42%; the BSE Capital Goods Index increased by 1.16% and the BSE Auto Index climbed 0.97%.

The BSE Oil&gas Index dropped 0.21% and the BSE Healthcare Index remained down by 0.09%.

SBI, ONGC, Maruti, Tata Steel and BHEL remained the top gainers on the Sensex on Monday.