New Delhi: Ahead of the announcement of the RBI's (RBI) Monetary Policy Committee (MPC), the market indices opened sharply higher on Thursday.
On Thursday, Sensex rose 383.96 points to 33,403.03 and the Nifty gaining 124.10 points at 10,252.50.
The monetary policy is expected to be announced by the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) today.
The market breadth remained strong, with about eight shares advancing for every share falling on the Bombay Stock Exchange (BSE).
All sectoral indices were in the green, with the metal, realty rising more than two percent.
Apollo Tyres rallied 4.5 percent while Balkrishna Industries and MRF gained approximately three percent.
Hindalco, UPL Ltd., Tata Motors, Vedanta and Bajaj Finance gained about two to three percent.
Bharti Infratel and Bharti Airtel lost approximately one percent.