Mumbai, June 5 || The Indian stock market closed in the green on Thursday ahead of the key RBI monetary policy committee (MPC) decision on the repo rate.
At the end of trading, the Sensex was up 443.79 points or 0.55 per cent at 81,442.04 and the Nifty gained 130.70 points or 0.53 per cent at 24,750.90.
On Friday, the MPC decisions will be announced by RBI Governor Sanjay Malhotra and according to experts, the Central Bank is likely to cut the repo rate by 0.25 per cent.
Meanwhile, along with largecaps, midcaps and smallcaps also saw a rise. The Nifty Midcap 100 index was up 378.35 points, or 0.65 per cent, at 58,303, and the Nifty Smallcap 100 index rose 175.50 points, or 0.96 per cent, at 18,432.60.
On a sectoral basis, IT, financial services, pharma, FMCG, metals, realty and energy ended in the green and auto, PSU banks, media and private banks ended in the red.
According to Sundar Kewat from Ashika Institutional Equity, Nifty traded in a volatile range as participants remained cautious ahead of the RBI’s monetary policy decision.