Sensex jumps over 250 pts ahead of RBI policy outcome

DN Bureau

Equity benchmark BSE Sensex jumped over 250 points in early trade on Friday, driven by gains in banking and financial stocks ahead of the Reserve Bank's bi-monthly policy review.

BSE

Mumbai: Equity benchmark BSE Sensex jumped over 250 points in early trade on Friday, driven by gains in banking and financial stocks ahead of the Reserve Bank's bi-monthly policy review.

Also Read: Sensex tumbles over 310 pts; Nifty slips below 11,500

The 30-share index was trading 258.60 points, or 0.68 per cent, higher at 38,365.47. Similarly, the broader NSE Nifty spurted 70.00 points, or 0.62 per cent, to 11,384.00. Top Sensex gainers in early session include Yes Bank, IndusInd Bank, SBI, Vedanta, HDFC, Hero MotoCorp, Tata Steel, and HDFC Bank, rising up to 5.52 per cent.

In the previous session on Thursday, the BSE barometer ended 198.54 points, or 0.52 per cent, lower at 38,106.87, while the Nifty fell 46.80 points, or 0.41 per cent, to close at 11,313.10.

Also Read: Rupee rises 12 paise to 70.75 against USD in early trade 

The rupee, meanwhile, strengthened by 5 paise against its previous close to trade at 70.82 in early session.(PTI)

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