MarketExpress live: Sensex tops 31,600, RBI rate decision in focus; Godrej Agrovet IPO opens for subscription

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Updated: October 4, 2017 10:14:29 AM

Sensex and Nifty opened marginally higher on Wednesday and continued to trade with minimal upside in a muted trade activity as the focus of investors and market participants shifts to the outcome of the Reserve Bank of India's bi-monthly monetary policy.

Bombay Stock Exchange building. (Image: Wikimedia Commons)

Sensex and Nifty opened marginally higher on Wednesday and continued to trade with minimal upside in a muted trade activity as the focus of investors and market participants shifts to the outcome of the Reserve Bank of India’s bi-monthly monetary policy. BSE Sensex gained 25 points to open at 31,522.17 points and NSE Nifty too added 25 points to open at 9,884.35 points. Meanwhile, Japanese shares jumped in the early trade on Wednesday led by auto stocks as US demand for cars rose following damage from recent hurricanes. The three major US stock indexes and the Russell 2000 posted record high closes for the second straight day on Tuesday, helped by gains in airlines and as carmakers rose after strong September vehicle sales. The benchmark Sensex shuttled in the range of 31,457.78-31,556 points till the early trade.

10.10 am: Sensex jumps 100 points, Nifty kisses 9,900; all eyes on RBI’s rate decision: Sensex and Nifty opened marginally higher on Wednesday, later extended the morning gains in a muted trade activity as the attention of market participants shifts to the outcome of the Reserve Bank of India’s bi-monthly monetary policy.

9.20 am: Godrej Agrovet IPO opens today, garners 341 crore from anchor investors: 5 things to know:  Godrej Agrovet Rs 1,160 crore IPO is scheduled to open today, 4 October for the subscription. We take a look at five key things to know about the share sale before you go for the subscription.

8.45 am: Stocks of IOC, BPCL, HPCL, Hero MotoCorp, Bharti Airtel, Coal India will be in focus today: Sensex and Nifty are likely to open higher following another record closing of Wall Street stocks and positive cues across the Asian markets, mainly Japan, after decent September vehicle sales.

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