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Indices at new peak, all eyes on RBI move today
Indian markets continued their record breaking spree with both the benchmark indices ending at new highs on Tuesday ahead of the outcome of the monetary policy committee meeting on Tuesday.
While the S&P BSE Sensex shut shop 60.23 points (0.19%) higher at 32,575.17, the Nifty 50 closed up 37.55 points (0.37%) at 10,114.65.
“Taking cues from global stocks, both the benchmark Sensex and the Nifty traded in positive zone for most of the day to finally close with gains of over 0.25%. However, a private survey showing a contraction in the Indian manufacturing activity in July, kept gains in check,” BNP Paribas Mutual Fund senior fund manager- equities Karthikraj Lakshmanan said.
While the S&P BSE Sensex shut shop 60.23 points (0.19%) higher at 32,575.17, the Nifty 50 closed up 37.55 points (0.37%) at 10,114.65.
“Taking cues from global stocks, both the benchmark Sensex and the Nifty traded in positive zone for most of the day to finally close with gains of over 0.25%. However, a private survey showing a contraction in the Indian manufacturing activity in July, kept gains in check,” BNP Paribas Mutual Fund senior fund manager- equities Karthikraj Lakshmanan said.
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