Nifty gains 46 points ahead of RBI meet

Benchmark Nifty ended positive by gaining 45.75 points amid firm buying in key heavyweights of IT and auto counters ahead of Reserve Bank of India first bi-monthly policy review new fiscal tomorrow.
The market traded largely positive on higher Asian cues amid strong US economic data, though it slipped into red for brief-while during afternoon on initial slump in European market soon to be rebounded following its recovery to end higher.
Sentiments lifted as Nikkei's monthly survey showed India's manufacturing growth rose to an eight-month high in March driven by strong rise in business orders, leading firms to scale up output.

Market also rooted on expectation of 0.50 per cent basis point rate-cut from the Apex bank in its tomorrows key policy review adhered by government resolve on fiscal deficit target, cut in small saving rate as well as retail inflation under check.
Buying surged in stock specific news on IT sector and Auto segment on sales figures supported by Pharma, Banks, Energy and Infra counters.
The NSE 50-share index resumed higher at 7,733.15 and hovered in a range of 7,764.45 and 7,704.40 before closing at 7,758.80, showing a gain of 45.75 points or 0.59 per cent.

Major gainers were IDEA (5.93 per cent), Tata Power (4.75 per cent), M&M (4.24 per cent), BhartiArtl (3.89 per cent) and AuroPharma (3.29 per cent), Infy (3.17 per cent), HCL Tech (2.37 per cent) and Tata Motors (2.30 per cent).

However, Ambuja Cement lost 1.76 per cent, followed by ITC (1.59 per cent), Axis Bank (1.14 per cent), Maruti (1.07 per cent) and Ultracemco (1.03 per cent).
A total of 990 shares gained, while 572 declined and 63 ruled steady.
Turnover in cash segment declined to Rs 14,031.69 crore from Rs 15,606.61 crore last Friday.
A total of 7,781.87 lakh shares changed hands in 66,06,512 trades. The market capitalisation of NSE stood at Rs 93,51,507 crore.