The Bombay Stock Exchange benchmark Sensex today opened 57 points higher after funds made cautious buying as the Reserve Bank of India will announce it quarterly credit policy later in the day.

The 30-share BSE barometer rose by 57.09 points, or 0.31 per cent, to 18,077.14 points. The index had lost 110.93 points yesterday.

The wide-based National Stock Exchange’s Nifty also moved up by 15.15 points, or 0.27 per cent, to 5,433.75 points.

Brokers said fresh buying by funds in IT and auto stocks ahead of RBI credit policy to be announced later today, helped trading sentiments to improve.

Besides, encouraging quarterly corporate results and firming trends on the other Asian bourses which were up by almost 0.35 per cent in morning trade also influenced the sentiment, they said.

Among auto stocks, Maruti Suzuki rose by 0.86 per cent to Rs. 1,201.30, Mahindra and Mahindra by 0.17 per cent to Rs. 620.75, Tata Motors by 0.65 per cent to Rs. 824.

Among other gainers Infosys Techjnologies gained 0.47 per cent at Rs. 2,815.80, Reliance Industries by 0.44 per cent to Rs. 1,056.70, Sterlite Industries by 0.57 per cent to Rs. 175.15 and Tata Steel by 0.29 per cent to Rs. 533.70.

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