Mumbai (PTI): The Bombay Stock Exchange benchmark Sensex rose 314 points in early trade following revival of buying at existing lower levels on expectations that the RBI may cut interest rates in its policy review meeting Tuesday.
The 30-share index, Sensex, which lost 209 points Monday, moved up by 314.29 points to 18,467.07 in the first five minutes of trade.
The National Stock Exchange's index, Nifty, increased by 102.70 points to 5,376.80 as most of the heavy-weight stocks gained fresh ground.
Buying activity picked up on expectations that the apex bank may slash interest rates in its policy review meeting later Tuesday, following the footsteps of US counterpart, marketmen said.
The US Federal Reserve had last week cut interest rates by 75 basis points.
They added firm global trend also boosted the market sentiment.
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