Tuesdays closing, the benchmark indices settled the day higher as gains in Asian markets and a hope of an interest rate cut by the RBI in its policy review tomorrow aided sentiment.
The S&P BSE Sensex settled the day at 26,393 up 44 points, while the broader Nifty50 was ruling at 8,143, up 14.40 points. The market depicted strength. 1523 shares advanced while 1137 shares declined, and 157 shares were unchanged.
Top Gainers from the Sensex pack are HDFC, Adani Ports, ONGC, SBI and Tata Steel. On the losing side, Maruti Suzuki, HUL, Axis Bank, ITC and Lupin. The BSE Midcap and BSE Smallcap indices outperformed headline indices and finished 0.52 percent and 0.41 percent higher, respectively.
The RBI's new Monetary Policy Committee forecasts to reduce the repo rate by 25 basis points to 6 percent when it concludes its 2-day meeting on December 7.
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