Nifty Ends at Record High of 10,114
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.