Investors are keenly awaiting
On the other hand, indices of oil and gas, FMCG and basic materials were in the red. It, however, closed at 11,713.Mumbai: Rising for the fourth session in a row, the BSE benchmark Sensex on Tuesday added another 185 points to hit an all-time closing high of 39,056 and the NSE Nifty closed above the key 11,700-level on intense buying mainly in auto, IT and banking stocks amid hopes of RBI rate cut.96. The gauge finally settled the day at 39,056.78 points or 0.Similarly, the NSE Nifty opened higher at 11,711.
The RBIs rate setting panel started its 3-day deliberations on Tuesday for the first bi-monthly monetary policy of 2019-20 amid expectations of a cut in key lending rate by another 25 basis points to boost economic activities. Other top gainers were Bharti Airtel, TCS, Bajaj Finance, PowerGrid, IndusInd Bank and State Bank of India -- rising as much as 5 per cent.48 per cent higher.Investors are keenly awaiting the outcome of the RBIs first bi-monthly monetary policy review meeting.69 and a low of 38,846. Sectorally, realty, telecom, auto and IT emerged as prominent gainers.Tata Motors drove the Sensex rally for the second session in a row, surging over 8 per cent.05 points or 0.65, 184. Bucking the overall trend, Bajaj Auto, Sun Pharma, Vedanta, Tata Steel, HCL Tech and HDFC Bank stocks saw intense selling on account of profit-booking.
Besides, domestic markets have a spillover effect of robust global sentiment as investors were encouraged by signs of strengthening economic indicators that showed manufacturing activities in China and the United States improving.The 30-share Sensex started on a positive note at 38,988.57 and swung between a high of 39,121.55 and rose to a record intra-day high of 11,729.Experts believe that hopes of interest rate cut by the wheel bearing repair kits Suppliers Reserve Bank have also aided the recent rally in domestic equities.20, up 44. During the course, it also set its new intra-day record by touching 39,121.35.38 per cent. Asian bourses followed Wall Street gains on Tuesday amid strong indications of improving global macro-economic picture.
