Market Now: Realty stocks up ahead of RBI policy outcome
Sobha was the only component of the Nifty Realty index that was trading in the red.
RBI's monetary policy review outcome is due later during the day
The Nifty Realty index was trading 0.78 per cent up at 276 around 10.18 am (IST), while benchmark Nifty was 0.44 per cent up at 9,902. BSE Sensex was trading 0.42 per cent up at 31,628.
For trending stocks and buzzing news, track this LIVE BLOG from Dalal Street
Sobha (down 0.90 per cent) was the only component of the index that was trading in the red around that time.
Equity benchmarks extended gains after a cautious start on Wednesday. Investors looked optimistic in the anticipation of a rate cut by the Reserve Bank of India (RBI). However, bankers are of the view that the RBI would maintain status quo as inflation has risen.
A firm trend in most markets in Asia following a record close on Wall Street also boosted sentiment here.
Among the gainers, oil and pharma stocks led. Hindustan Petroleum Corporation, Sun Pharma, Aurobindo Pharma, Reliance Industries, Dr Reddy's and ITC were the top gainers in the Nifty index.
On the other hand, Bharti Airtel, Coal India, Tata Steel, Tata Consultancy Services, Zee Entertainment and Eicher Motors were the top losers in the Nifty pack.
On the NSE, 1116 stocks were advancing, compared with 448 stocks declining and 396 stocks remaining unchanged.