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Sensex gains 61 points in early trade ahead of RBI policy; Sun Pharma, Ambuja Cements top gainers

Tuesday, 5 August 2014 - 10:01am IST | Place: Mumbai | Agency: PTI

The benchmark BSE Sensex gained over 61 points in early trade today on sustained and selective buying by funds and retail investors ahead of RBI's policy meet.

Continuing yesterday's winning streak, the 30-share index rose further by 61.03 points, or 0.24 per cent, to 25,784.19, with all the sectoral indices, led by auto and banking, trading in positive zone with gains up to 0.62 per cent. The Sensex had gained over 242.32 points in the previous session.

The National Stock Exchange index Nifty rose 13.95 points, or 0.18 per cent, to 7,697.60 in early trade. Brokers said selective buying by cautious funds and retail investors ahead of RBI's bi-monthly policy review later in the day influenced the trading sentiments.

The top gainers are Sun Pharma, Ambuja Cements, Bajaj Auto and ONGC. The top losers in early trade are Hero Motocorp, HDFC, HCL Tech.

Among other Asian markets, Hong Kong Hang Seng gained 0.32 per cent, while Japan's Nikkei was up by 0.21 per cent in early trade today. The US Dow Jones Industrial Average ended 0.46 per cent higher in yesterday's trade.

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