Nifty is up by 0.15 per cent to hit a fresh record high of 8,623
Nifty also slips down by 56.65 points and is trading below the 8,100-mark level
Mumbai: The Nifty edged higher on Monday after earlier hitting a fresh record high of 8,623 as shares made a cautious advance ahead of the Reserve Bank of India’s policy review on Dec. 2.
The Nifty was up 0.15 percent while the BSE Sensex was 0.09 per cent higher . Markets were pricing in a rate cut although only 4 out of 45 economists in a Reuters poll said the RBI will cut rates. ICICI Bank was up 0.8 percent and Axis Bank gained 1.8 percent. Oil explorers fell after crude oil hit a five-year low. Oil and Natural gas Corp was down 1.4 per cent while Cairn India fell by 0.3 per cent.
( Source : reuters )
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