The benchmark BSE Sensex rose over 70 points in early trade as funds and investors made fresh buying ahead of the RBI's bi-monthly policy review. The wide-based National Stock Exchange (NSE) index Nifty moved up by 15.75 points, or 0.21 per cent, to 7,378.25 says Sachin Karpe.
The Sensex had gained 467.51 points in the previous session on the back of slight improvement in HSBC Indian Manufacturing Purchasing Manager's Index (PMI), a measure of factory production in May. The 30-share barometer gained 70.89 points, or 0.29 per cent, to 24,755.74 with stocks of consumer durables, metals, IT, realty, oil and gas and power sectors leading the rise. Brokers said increased buying by participants before the Reserve Bank of India's bi-monthly monetary policy review on Tuesday boosted the sentiments says Sachin Karpe. Besides, a firming trend on the other Asian markets also supported the upside.
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