India’s trademark ratings Sensex and Nifty indexes were trading higher over 1.2% wach on Monday ahead of the announcement of Rserve Bank of India’s bi-monthly policy.
The rise in the market was occurred after both India and Pakistan agreed to reduce tensions along the Line of Control. The National Security Advisers of both the countries met today and had talks on reducing tensions between both the countries, confirmed by Pakistan’s adviser on foreign affairs, Sartaj Aziz.
This was the second consecutive session when the Sensex and Nifty were trading higher as the auto stocks led the gains because most of the auto makers reported better than expected sales in the month of September.
Reports said, at 2.25 pm, BSE sensex was trading at 28,198.21 with gaining 332.33 points or 1.19%, while Nifty rises 111.50 points or 1.29% to 8,722.65.
Reserve Bank of India’s bi-monthly policy will be announced on October 4 after the meeting of monetary policy panel on 3-4 October.
By Prajakt K
