Benchmark equity indices BSE Sensex and NSE Nifty were trading higher in early trade as retail inflation and industrial output data released post market hours on Monday boosted expectations of a rate cut by the Reserve Bank of India (RBI).
After opening on a flat note, the BSE Sensex was trading 100 points up at 31,195 while NSE Nifty was up 20.45 point at 9,636.
Shares of drug major Sun Pharma advancedBSE 1.17 % over 3 per cent after the company informed bourses that it has received USFDA approval for generic Zetia tablets. Zetia has a market size of $2.7 billion in the US.
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