Sensex up by 53 points ahead of RBI policy

Mumbai: The benchmark BSE Sensex rose over 53 points in the opening trade on June 2 on sustained buying by investors ahead of the Reserve Bank's monetary policy review amid a mixed trend overseas. The 30-share index, which had gained 342.28 points in the previous two sessions largely on expectations of a rate cut by the Reserve Bank, rose 53.54 points, or 0.19 per cent, to 27,902.53, with IT, technology, consumer durables, healthcare, auto, metal and capital sector stocks leading the rise.

On similar lines, the NSE Nifty was up 11.95 points, or 0.14 per cent, at 8,445.35. Brokers said besides a mixed global trend and selective buying by funds and retail investors ahead of RBI's monetary policy to be announced later in the day influenced sentiment. Among other Asian markets, Japan's Nikkei was trading higher by 0.17 per cent while Hong Kong's Hang Seng index shed 0.45 per cent in early trade on June 2 The US Dow Jones Industrial Average ended 0.16 per cent higher in yesterday's trade.