Opening Bell – Markets Edge Higher Ahead Of RBI Policy Announcement

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The BSE Sensex opened higher by 62 points at 31252, while the Nifty50 opened higher by 26 points at 9663 mark.Vedanta is the top Nifty gainer and Dr Reddy’s is the top Nifty loser in the morning hours.

There are 842 advances, 443 declines and 483 unchanged stocks on NSE reflecting some positive bias floating in the market.The level of 9,700 is likely to act as a strong barrier for the Nifty50. If it holds above the level of 9,700, a rally is likely up to the level of 9,730. On the downside, the support for Nifty50 index is placed in the region of 9,620-9,630.

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