Markets ring positive opening bells

7 Jun 2023 , 09:33 AM

Indian stock markets kick-started the day with gains today. BSE Sensex opened 192 points higher. NSE Nifty started the day with a gain of 56 points.

BSE Sensex is at 62,985 points. NSE Nifty is at 18,655 points.

On the sectoral front, Nifty Bank, Auto, and IT entered the day with gains. All other sectoral indices are also contributing to the broader rally.

In opening trade, Britannia, Nestle India, HDFC Life, Power Grid, and Apollo Hospital are the top gainers. Grasim is the only loser on the nifty index.

Markets are in a positive momentum today owing to positive global sentiment. Investors are awaiting the US Fed and RBI monetary policy meeting to be held this week.

Oil prices in early morning trade today are stable as fears of supply restrictions counterbalance demand concerns. 

Asian peers are trading positively as traders anticipate a likely pause in Fed rate hikes.

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