Nifty Ends at Record High of 10,114

The Economic Times - - Companies: Pursuit Of Profit -

Mum­bai: Bench­mark share in­dicesclose­dat­freshrecord­highs onTues­daya­headof theRe­serve Bankof In­dia’smon­e­tary­pol­icy de­ci­sion. The Nifty closed above the 10,100 mark for the first time ever. RBI is ex­pected to cut rates by 25 ba­sis points on Wed­nes­day af­ter data re­leased last month showed that re­tail in­fla­tion had hit a record low of 1.5% in June.

The Nifty ended up 37.55 points or 0.4% at 10,114.65 af­ter scal­ing a life­time high of 10,128.6 in­tra­day. The BSE Sen­sex closed at 32,575.17, up 60.23 points or 0.2%, af­ter hit­ting a record high of 32,632.02 in­tra­day.

Last month, bench­mark in­dices logged in their best monthly gains since March 2016 helped by sta­ble global mar­kets, strong do­mes­tic liq­uid­ity and hopes of a rate cut by the cen­tral bank.

Auto mak­ers led the gains on the Sen­sex, with Maruti Suzuki In­dia’s shares gain­ing 2% to ₹ 7,859.10, Hero Mo­toCorp gain­ing 1.8% to ₹ 3,721.55 and Mahin­dra & Mahin­dra (M&M gain­ing 1.8% to ₹ 1,426.85.

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