Ripples advisory, Market Live: Sensex extends gains, Nifty scales above 9650; MPC meet outcome eyed

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Equity benchmarks extended gains in morning trade, with the Nifty trading above 9650 level ahead of the outcome of monetary policy committee meeting due later today.

The 30-share BSE Sensex was up 109.21 points at 31,299.77 and the 50-share NSE Nifty rose 27 points to 9664.15.

A majority of experts expect the RBI to maintain status quo. RBI's commentary would be closely watched.