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ICICI Bank, RIL lead gains as Sensex climbs to record closing highs

By Reuters

  • 31 Jul 2018
ICICI Bank, RIL lead gains as Sensex climbs to record closing highs
Credit: Reuters

Indian shares climbed to record closing highs on Monday, led by strong gains in heavyweights Reliance Industries Ltd and ICICI Bank Ltd, while investor focus turned to a central bank policy meeting later this week.

The benchmark BSE Sensex closed up 0.42 percent at 37,494.4, after hitting a life-high of 37,533.50 earlier in the session.

The broader NSE Nifty ended 0.37 percent higher at 11,319.55, closing above 11,300 for the first time.

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ICICI Bank closed 4.88 percent higher and contributed to over a fifth of the NSE index's gains. Reliance ended 1.96 percent higher.

Axis Bank Ltd closed 2.85 percent higher ahead of June-quarter results later in the day while Bharti Airtel Ltd ended 5.68 percent firmer.

 

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