Stock Market Live: GIFT Nifty Positive Start Ahead Of The RBI MPC Decision

• Nifty October Futures down by 0.09% to 24,778 at a premium of 167 points.

• Nifty October futures open interest up by 22%

• Nifty Options 7 October Expiry: Maximum Call open interest at 25,000 and Maximum Put open interest at 24600

• Securities in Ban Period: Sammaan Cap

Gold prices today were trading at a new high of levels above the Rs 1,17,000 mark, ahead of the Reserve Bank of India's MPC.

The Central Bank is broadly expected to maintain the status and gold ahead of the decision has prices surged to a fresh high of Rs 1,17,350 per 10 gm, according to the India Bullion Co. The price surged by nearly Rs 1,000 compared to Rs 1,16,410 on Tuesday.

Read full story to check rates across India:

• West Texas Intermediate crude fell 0.14% to $62.46 per barrel.

• Spot gold was up 0.16% to $3,865 an ounce.

Overnight in the U.S., major indices eked out gains despite looming political risk. The Dow Jones rose about 0.2% to close at a record high, while the S&P 500 added roughly 0.4% and the Nasdaq Composite gained around 0.3%.

The mood was bolstered by easing fears of a damaging government shutdown.

Today, all eyes will be on the Reserve Bank of India's Monetary Policy Committee as it is expected to retain the benchmark lending rate at 5.5%.

The Central Bank is set to announce its decsion today. There are also expectations of further rate cuts down the line. Out of the 37 economists polled by Bloomberg, 11 expect a status quo, while the rest expect a 25 basis point cut. The repo rate is currently at 5.5%.