Sensex rises over 200 points, Nifty above 23,450 as investors eye RBI MPC meet outcome

The Sensex and Nifty 50 closed higher today, driven by gains in sectors like IT and consumer durables. Infosys, UltraTech Cement, TCS, and other companies led the positive momentum. However, Tata Steel saw losses on the benchmark index. The Rupee strengthened against the US dollar, gaining 8 paise to 95.66. Foreign investors remained net sellers of Indian equities, contributing to a bearish sentiment in the market. The focus for the day will be on the RBI's monetary policy announcement and its implications for future interest rate hikes.