Sensex, Nifty Gain Ahead Of RBI Meet
(RTTNews) - Indian shares traded higher on Wednesday, tracking firm global cues and ahead of the RBI's interest-rate decision scheduled to be announced later in the day.
Underlying sentiment was helped by Fed Chair Jerome Powell's comments that he expects 2023 to be a year of "significant declines in inflation".
The benchmark S&P/BSE Sensex jumped 365 points, or 0.6 percent, to 60,651 in early trade, while the broader NSE Nifty index was up 116 points, or 0.7 percent, at 17,837.
Adani Group stocks traded higher, with Adani Enterprises rallying 10 percent and Adani Ports surging 7 percent.
SBI Life, Hindalco and UltraTech gained 2-3 percent.
Bharti Airtel fell over 2 percent despite reporting a 91 percent rise in Q3 consolidated net profit.
Hero MotoCorp lost 2 percent on reporting a 4 percent rise in quarterly profit.
Adani Green Energy jumped 3 percent after its consolidated net profit more than doubled during the December quarter.
Astral tumbled 3.3 percent after announcing a 1:3 bonus issue.
Aurobindo Pharma was little changed after receiving the U.S. FDA approval for its topical solution for osteoarthritis pain.
Union Bank of India dropped half a percent on fund raising reports.
U.S. Dollar Ticks Higher Amid Inflation Data Release, Expectations Of Reopening Of Strait Of Hormuz
TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak
Swiss Market Ends Modestly Higher
European Markets Rise As Oil Prices Fall On IEA Demand Cut
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September
CPSC Recalls: 2.3 Mln Candy Bottles, Motorcycles, Dressers, Dual Fuel Ranges, Fire Spray Canisters
U.S. Consumer Price Growth Matches Estimates, Core Prices Rise Slightly More Than Expected
