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Sensex, Nifty settle at record closing highs; Nifty Bank ends above 25,000

SI Reporter/New Delhi 31 Jul 17 | 03:33 PM

The markets ended at fresh closing highs on Monday after the country's biggest lender, State Bank of India, rallied as it introduced a 2-tier savings bank interest rate, while investors awaited a rate cut by the Reserve Bank of India in its two-day policy meeting which begins on Tuesday.

Economists are divided on what action the RBI will take in its policy review that concludes on Wednesday. Of the 14 economists polled by Business Standard, five said there would be the status quo this time. In most cases where the economists said there would be a cut, they warned it was a close call. CLICK HERE FOR FULL REPORT

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Meanwhile, the retail inflation rate is running well below RBI's target. It had eased to its slowest pace in over five years in June. 

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Sensex

Company Price Gain (%)
Kotak Mah. Bank1,014.951.43
TCS2,627.300.50
O N G C183.750.44
Dr Reddy's Labs2,260.800.23
Hind. Unilever1,316.550.12

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