Mumbai: Ahead of the RBI's monetary policy review, the BSE benchmark Sensex edged up by nearly 14 points in early trade on October 30 on selective buying by  participants amid hopes of a rate cut. The 30-share barometer, which had gained 10.48 points in the previous session, moved up by 13.53

points, or 0.07 percent, in range-bound trading to 18,649.35 with interest-sensitive banking and realty stocks rising.

Similarly, the wide-based National Stock Exchange index Nifty gained 3.60 points, or 0.06 per cent, to 5,669.20. Brokers said some buying by funds in interest-sensitive banking and realty stocks on hopes of a rate cut by the Reserve bank in its policy review later today, influenced the trading sentiments.

They said a slightly better trend in the Asian region also had a positive impact. Meanwhile, in Asia, Japan's Nikkei was up by 0.41 percent, while Hong Kong's Hang Seng gained 0.18 percent.

The U.S. markets remained closed on October 29 because of Hurricane Sandy.