Benchmark equity indices opened higher on Tuesday amid positive cues from Asian markets and focus on the Federal Reserve’s policy meeting this week.
Reliance, banking and IT stocks are heavyweights in index trading. At 9.17 am, the BSE Sensex was trading Global markets await central bank commentary after the meeting on November 1 and 2.
Already the RBI hiked the interest rates by 75 bp in the rates which has seen positive changes in the market. However, if the central bank hints at moderation in rate hikes, it will help Indian equity markets going forward, said VK Vijayakumar, chief investment expert at Geojit Financial Services.
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