Ways2Capital Morning Update : Sensex, Nifty Open Moderately Higher Ahead of RBI Policy Outcome

Equity benchmarks opened moderately higher amid consolidation on Wednesday as investors awaited outcome of two-day Monetary Policy Committee due later today.

The 30-share BSE Sensex was up 47 points at 31,237.56 and the 50-share NSE Nifty gained 20.25 pointsa at 9,657.

GAIL, Bharti Airtel, ICICI Bank, M&M, Hero Motocorp, Vedanta and Bharti Infratel were early gainers while Dr Reddy's Labs, Wipro, TCS, Cipla, Tata Motors, BPCL and Tata Power were under pressure.

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