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Sensex ends higher ahead of RBI policy outcome

By Reuters

  • 06 Aug 2019
Sensex ends higher ahead of RBI policy outcome
Credit: Reuters

Indian shares closed higher on Tuesday ahead of the central bank’s monetary policy decision, with banking and financial stocks leading the gains.

The broader NSE Nifty ended 0.79% higher at about 10,948, while the benchmark BSE Sensex closed up 0.75% at around 36,976.8.

A Reuters poll last month showed that the central bank was set to cut interest rates further on Wednesday as the country looks to stimulate growth and spending.

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The Nifty bank index ended 1.35% higher, while the financials index closed up 1.56%.

Indiabulls Housing Finance was the top gainer on the NSE Nifty, closing up 7.4%, while Zee Entertainment Enterprises was the biggest laggard, ending down 5.9%.

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