Key benchmark indices today extend their winning rally for a third day after the new RBI governor Shaktikanta Das on his first day announced that he would take a more consultative steps and move speedily to address some of the pressing issues. Positive global signals are also supportive to boost the domestic shares.
Crude Oil prices rose, led by a drawdown in U.S crude oil inventories amidst China setting to taking more constructive steps to put a trade war treaty with Washington into action.
Brent crude oil futures were at USD 60.46 per barrel, up 0.52%, from their last close. WTI US crude futures were at USD 51.40 per barrel, up 0.49%.
The BSE Sensex is trading at 35,972 levels up by 193 points, while the NSE Nifty is at 10,792 levels up by 53 points at the time of this updation. The rupee is trade at 71.6 per US dollar higher by 10 paise from its opening rate.
All Nifty sectoral indices on the NSE are trading in the green except the Pharma index which is down by 0.6 percent, while Nifty PSU Bank and realty index toppers.
India bulls Housing, Yes bank, SBI, Bharti Airtel and HPCL were among major Nifty gainers while Sun Pharma, UPL, HeroMotor Corp were major early losers.
The stocks of PSU bank will remain in focus today as the RBI governor is set to meet the top executives of these banks on Thursday.