At 9:20 am, the BSE Sensex was trading at 52,254..55, higher by 19 pointsThe stock markets have actually opened on a cautious note ahead of the monetary policy announcement by the Reserve Bank of India.
Reserve Bank Governor Shaktikanta Das-led Monetary Policy Committee (MPC) will announce its policy choice, at the end of a set up review that started on Wednesday.
Patterns on SGX Nifty suggest a cautious opening for the index in India, with a 15-points loss.
At 9:20 am, the BSE Sensex was trading at 52,254..55, greater by 19 points and the NSE was at 15,686.50, up two points.Asian stocks followed Wall Street lower on Friday as indications of a reinforcing United States healing improved bets for greater inflation and an earlier tapering of Federal Reserve stimulus.Japan's Nikkei fell 0.8 percent early in the Asian session, while MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.3 per cent.Global equities markets lagged on Thursday after going back from near-record levels earlier in the week, as investors studied strong United States data reports for economic recovery and inflation signals.
The Dow Jones fell 0.07 percent, the S-P 500 lost 0.36 percent and Nasdaq Composite dropped 1.03 per cent.On the profits front, Punjab National Bank, Bank of India and Bharat Forge will state their numbers during the day.On Thursday, the BSE Sensex rallied 382.95 points to 52,232.43 and Nifty climbed 114.20 points to 15,690.40.