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Rediff.com  » Business » Sensex, Nifty at new peak, all eyes shift to RBI policy meet

Sensex, Nifty at new peak, all eyes shift to RBI policy meet

Source: PTI
August 01, 2017 16:27 IST
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Improving monthly sales numbers from automakers and a firming trend in global markets fuelled the rally

Illustration: Uttam Ghosh/Rediff.com

Pulling off records for the second day, the benchmark Sensex on Tuesday closed at 32,575 and the Nifty 10,115 as investors wait for the outcome of the RBI policy meet on Wednesday amid corporate earnings momentum.

Improving monthly sales numbers from automakers and a firming trend in global markets fuelled the rally.

The Sensex settled at yet another new high of 32,575.17 by surging 60.23 points, or 0.19 per cent.

It surpassed its previous record of 32,514.94 reached on Monday.

The gauge had risen 205.06 points in the previous session.

The NSE Nifty closed at 10,114.65 -- a new peak – up 37.55 points, or 0.37 per cent. It broke previous record closing of 10,077.10 hit on Monday.

The two-day RBI policy meet concludes on Wednesday.

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