Sensex jumps over 150 pts ahead of RBI policy outcome; Nifty tops 11,150

Domestic equity benchmark Sensex jumped over 150 points in opening session on Thursday ahe of Reserve Bank of India's monetary policy outcome. BSE Sensex was tring 183 points or 0.49 per cent higher at 37,846.33; while NSE Nifty was up 52.70 points or 0.47 per cent at 11,154.35.

ONGC was top gainer in Sensex pack, rising over 3 per cent, followed by Tech Mahindra, TCS, HCL Tech, NTPC, Infosys and HDFC duo. On or hand, Maruti, Axis Bank, Bharti Airtel, M&M and Reliance Industries were among laggards. In previous session, 30-share Sensex ended 24.58 points or 0.07 per cent lower at 37,663.33, while Nifty inched up 6.40 points or 0.06 per cent to close at 11,101.65.

Exchange data showed that foreign institutional investors sold equities worth Rs 60.18 crore on a net basis on Wednesday. According to trers, investors are positive ahe of Reserve Bank of India's monetary policy outcome, scheduled for later in day. Participants are keeping a close eye on RBI policy outcome and that would set tone for rest of day as well, said Ajit Mishra, VP - Research, Religare Broking.

“While expectations are mixed on key rates, we feel commentary on moratorium and future outlook would hold importance," he ded.

Bourses in Shanghai, Hong Kong and Tokyo were in red, while Seoul was tring on a positive te. Stock exchanges on Wall Street ended on a positive te in overnight session. Global oil benchmark Brent crude was tring 0.20 per cent higher at USD 45.26 per barrel.