Nifty above 10,600 mark ahead of RBI policy; IDFC Bank, Bajaj Finance stocks gain

Equity benchmark indices opened higher led by Infosys, L&T, ITC, Bharti Airtel and Reliance Industries and ahead of RBI Monetary Policy review that begins today.

At 10:41 AM, the BSE Sensex was up 147 points at 35,050, and the Nifty was up by 44 points at 10,637.

The Reserve Bank of India has issued a no objection certificate to the deal of merger between IDFC Bank and Capital First. Stocks gained 3% respectively.

Shares of CG Power and Industrial Solutions rose 3% after the company bagged an order from the Indian Railways worth at Rs319cr to supply Under Slung Electrics for Diesel Electric Tower Car (DETC).

On the sectoral front, metal, auto, realty, FMCG, pharma and IT were trading in the positive zone, while media, bank and financial stocks in the red.

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