Sensex, Nifty, Midcap hold early gains; Rajan's move eyed

Equity benchmarks as well as broader markets maintained early gains as investors are eagerly waiting for the RBI monetary policy review. Majority of economists expect Governor Raghuram Rajan to keep rates unchanged but the commentary will be closely watched.

The Sensex rose 84.31 points to 26861.76 and the Nifty climbed 26.05 points to 8227.10. The market breadth was positive as about two shares advanced for every share declining on Bombay Stock Exchange.

ICICI Bank, SBI, HUL, Maruti Suzuki, ONGC and Hero Motocorp topped buying list on Sensex, up 1-2 percent while HDFC, Lupin, Infosys, Adani Ports and Dr Reddy's Labs fell.

The Indian rupee has opened higher by 6 paise at 66.90 per dollar on Tuesday against previous close of 66.96.

Interest rate sensitive banking, realty and auto stocks are in focus as the RBI announces its monetary policy review today.

Axis Bank has raised $500 million at the London Stock Exchange after it launched India's first internationally-listed certified green bond to finance climate change solutions around the world.

Wipro after market hours yesterday announced that it would commence buyback of shares on 17 June 2016. The buyback closes on 30 June 2016.

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