Barometers nudge higher in early trade; Nifty trades above 23,450 mark
Mumbai, June 5 -- The headline equity benchmarks traded with modest gains in early trade as investors remained focused on the outcome of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting, scheduled for 10 a.m. on Friday. The policy announcement is expected to provide key insights into the interest-rate trajectory, inflation outlook, economic growth prospects, and currency stability. The Nifty traded above the 23,450 mark. Realty and financial services stocks advanced, while FMCG and oil & gas shares witnessed selling pressure.
At 09:30 IST, the barometer index, the S&P BSE Sensex, rose 180.76 points or 0.24% to 74,540.77. The Nifty 50 index added 60.95 points or 0.26% to 23,476.20.
In the broader market, the BSE ...
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