Market opens higher ahead of RBI policy outcome


On Tuesday the Sensex closed at 31,190.56 points. Some level of circumspection ahead of Wednesday's RBI policy review outcome resulted in profit-booking. The Nifty closed below the 9,650 mark, lower by 16.65 points at 9,647.25.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,316.91 points, traded at 31,313.55 points (at 9.20 a.m.) - up 42.27 points or 0.14 per cent from its previous close at 31,271.28 points. Gas utility GAIL fell as much as 4.3 percent, oil refiner International Olympic Committee dropped 2.1 percent and automaker Hero MotoCorp declined 1.5 percent. Later today, elections in the United Kingdom will get under way, the European Central Bank will hold its meeting. "Investors will now look forward to emerging confidence among industry participants as GST rollout approaches", Anand James, Chief Market Strategist, Geojit Financial Services Ltd said. Meanwhile, Foreign portfolio investors (FPIs) bought shares worth a net Rs 476.64 crore yesterday as per provisional data released by the stock exchanges.

Williams staffer, House leader among injured in shooting
Jeff Flake of Arizona, who was practicing with the House members, described hearing "dozens and dozens and dozens of shots fired". Two Capitol Police officers, identified as special agents David Bailey and Crystal Griner, were wounded while protecting Scalise.

Overseas, most Asian stocks gained ahead of a number of news events with global implications. In Japan, the Nikkei 225 index closed 0.95% lower.

Major losers were Tata Motors 3.58%, NTPC 2.65%, ONGC 2.28%, ITC 2.05%, L&T 1.60%, Sun Pharma 1.53%, Reliance 1.17%, Bharti Airtel 1.07%, Power Grid 0.93%, Bajaj Auto 0.88%, M&M 0.83% and Hero Motoco 0.70%.

Trump's New Restrictions for Cuba Revealed
The trips were made easier by the resumption of scheduled commercial air service from the USA for the first time in decades. Various business and advocacy groups, however, including Human Rights Watch , remain opposed to any reining back.

European stocks ended Wednesday's choppy session marginally lower even as banks turned in an impressive performance after Spain'sBanco Popular was acquired by Banco Santander. However, TCS rose by 3.63% followed by Infosys 2%, Wipro 0.91% and Dr Reddy 0.61%.

The BSE Realty index ended the session at 1,954.11. The Hang Seng index rose 0.3 percent, to 26,063.06, while the China Enterprises Index gained 0.4 percent, to 10,649.90 points, the report added.

Six Hundred Pounds of Meth-Filled Lollipops Were Seized in Texas
They arrested two people who were carrying out the lollipops in the shape of Star Wars , Batman and other Hollywood characters. On entering the residence, officials uncovered many more bags of the meth-laced lollipops as well as molds used to make them.

The BSE market breadth was bullish - with 786 advances and 361 declines.