The Indian market turned positive after a largely flat start on Thursday ahead of the Reserve Bank of India policy statement. The benchmark BSE Sensex reclaimed 37,000 mark and the broader 50-share NSE Nifty was close to touching the 11,100 mark.
At 9.54 am, the Sensex traded 95 points up at 37,070, while the Nifty rose 20 points to 11,082.55. The BSE index started 67 points up, or 0.18 percent, to 37,041, while the NSE index edged up 18 points, or 0.16 percent, to 11,080.60 in the initial trade.
Broader markets fared better than the previous day with both the Nifty MidCap and the BSE MidCap outperforming frontline indexes. At 9.50 am, the Nifty MidCap was up 0.85 percent and the BSE MidCap was also higher by 0.87 percent.
Nifty Bank was mildly in the green ahead of the RBI policy statement at 11.45 am. Nifty Pharma surged 1.14 percent, leading among the 36 advancing sectors. Nifty and BSE Metal, BSE Telecom slipped the most among six falling sectors.
Among gainers, Sun Pharma, Tata Motors, ZEEL, Adani Ports and Bajaj Auto climbed between 1 and 2.5 percent. Sun Pharma shares surged 2.5 percent on strong quarterly earnings of Taro. Bharti Infratel, Hindalco, Tata Steel, IOC and IndusInd Bank, dipped between half a percent and 1.5 percent.
on Thursday. It had closed at 71.56 on Wednesday.
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