Indian share markets have opened on Monday on a strong note on expectations of a rate-cut by RBI in its policy meeting on Wednesday. At 10:15 am, the BSE Sensex was trading at 28,432, up 191 points, while the broader Nifty50 was ruling at 8,800, up 60 points. The market breadth was strong.
In the broader market, BSE Midcap and BSE Smallcap indices were trading at their respective record highs. On the global front, strong trade in Asian markets also added to the gains.
About 1468 shares advanced against 412 declining shares on the BSE.
Hero Motocorp, Tata Motors, ICICI Bank, SBI, Lupin, Grasim and were early gainers while M&M and ACC were losers.
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