MUMBAI, DEC 1: The Nifty and the Sensex opened and traded marginally in the green with marketmen circumspect ahead of RBI’s monetary policy review. The Nifty opened 23 points up at 7,958, while the Sensex opened 55 points up at 26,201.

A report by SMC Global said: “Asian stocks rose after Monday’s selloff as investors awaited Chinese factory data and financial shares climbed. US stocks closed lower Monday, the last day of trade for November, as investors eyed retail results and readied for key data and central bank comments later in the week. After reporting decreases in US pending home sales in the two previous months, the National Association of Realtors (NAR) released a report showing a slight uptick in pending sales in the month of October. NAR said its pending home sales index inched up by 0.2 per cent to 107.7 in October from an upwardly revised 107.5 in September. Economists had expected the index to climb by 1.0 per cent.”All sectoral indices were in the green barring Nifty PSU Bank. Volatility was down 1.62 per cent with the India Vix quoting at 16.1625.

Courtesy : thehindubusinessline.com