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Sensex Up 200 Points at 37,871, Nifty at 11,173 Ahead of RBI’s Bi-Monthly Monetary Policy

Mumbai, August 6: The Indian stock market opened in the green amid positive cues from the global stock market.

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Sensex Up 200 Points at 37,871, Nifty at 11,173 Ahead of RBI's Bi-Monthly Monetary Policy

Mumbai, August 6: The Indian stock market in the green amid cues from the global stock market. The Sensex was trading at 37,871 up 200 points. NSE Nifty, on the other hand, was at 11,173, up 72 points at 12 noon on Thursday. Investors will keep a close watch as RBI Governor Shaktikanta Das will make the central bank’s Bi-monthly Monetary Policy address at 12 noon .

Wall Street’s main indexes rose on Wednesday after Disney delivered a surprise quarterly profit, with sentiment boosted by signs that a coronavirus fiscal relief package was imminent. Better-than-feared corporate results and a surge in shares of heavyweight technology companies have fueled a stimulus-driven rally in Wall Street’s main indexes. The Asian stocks were also trading firm on Thursday. ‘Open Market Operations’ to be Conducted by RBI on July 2 to Pump Liquidity in Financial System.

On Wednesday, the stock market ended on a note ahead of the RBI Monetary policy. The Sensex ended 24 points lower at 37,663 and Nifty gained 6 points to 11,101.

(The above story first appeared on onhike on Aug 06, 2020 12:00 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website onhike.com).

Nirbhaya has been interested in doing something on his own from the days when he was in college. But, things didn’t favour him in the beginning, and he had to work for others. Later, he finally started Onhike.com as a news portal, and then never looked back. The website is gaining popularity every day. He puts all of his skills into his work and making his dream come true. He covers Tech and General news on this website.

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