Mumbai: Ahead of RBI’s monetary policy decision tomorrow, the benchmark indices BSE Sensex and NSE’s Nifty 50 reversed losses and closes at new all time highs today led by heavyweight stocks like Reliance Industries. While Sensex closed at 37,606 points, gaining by 112.18 points, Nifty has also managed to sustain the 11,300 mark. Reliance Industries shares gained 3.14% to Rs. 1185.85.
Meanwhile, the Asian share markets weakened, taking cues from the rout in global technology shares. It is expected that RBI monetary policy committee (MPC) may raise policy rates by 25 basis points tomorrow in view of the rising WPI inflation.