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The S&P BSE Sensex rallies nearly 100 points in trade on Tuesday, ahead of Reserve Bank of India's monetary policy meet due later in the day at 11:00 am.The Nifty50 managed to reclaim its crucial psychological level of 7,950, supported by gains in metal, realty, power, FMCG, and capital goods stocks.Shares of Amtek Auto surged over 4 per cent while those of Vedanta and Wipro climbed about 2 per cent each. Meanwhile, TreeHouse Education continued its recent slump to slip 5 per cent in early trade, the stock has shed over 25 per cent in the past three trades.
Reserve Bank of India is likely to keep its policy rate unchanged on Tuesday, following a big cut two months ago, and to sound cautious about the scope for more easing as it aims to meet its 2017 inflation target and braces for a U.S. rate hike.
The S&P BSE Sensex rallies nearly 100 points in trade on Tuesday, ahead of Reserve Bank of India's monetary policy meet due later in the day at 11:00 am.The Nifty50 managed to reclaim its crucial psychological level of 7,950, supported by gains in metal, realty, power, FMCG, and capital goods stocks.Shares of Amtek Auto surged over 4 per cent while those of Vedanta and Wipro climbed about 2 per cent each. Meanwhile, TreeHouse Education continued its recent slump to slip 5 per cent in early trade, the stock has shed over 25 per cent in the past three trades. 
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