Sensex, Nifty reverse losses, close at fresh record highs
Sensex
BSE Sensex closed 112.18 points up at 37,606.58, while the Nifty 50 ended 36.95 points higher at 11,356.50.
BSE Sensex and NSE’s Nifty 50 reversed losses and hit new record highs on Tuesday led by Reliance Industries ahead of the Reserve Bank of India’s monetary policy decision tomorrow.
The broad-based NSE Nifty too closed at fresh record high of 11,356.50, up by 36.95 points or 0.33 per cent. The 50-share index extended its record-breaking run for the fourth day.
A recovery in rupee, unabated buying by domestic institutional investors (DIIs) and encouraging earnings by blue-chips contributed to the uptrend, brokers said.
Traders were cautious ahead of RBI's monetary policy outcome tomorrow.
Reliance Industries was the top gainer by climbing 3.14 per cent to close at record Rs 1,185.85.
RIL today also regained its status as the country's most valued firm by market capitalisation (m-cap), replacing Tata Group's TCS from the top slot.
Heromotocrop rose by 2.77 per cent followed by HUL that rose 2.52 per cent.
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