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RIL s Q1FY22 net profit jumps 66% to Rs 13,806 cr
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Sensex, Nifty post monthly gain as Covid-19 cases fall; vaccinations speed up
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Indian shares post monthly gain as COVID-19 cases fall, vaccinations speed up
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Reuters
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Gardeners work outside the National Stock Exchange (NSE) building in Mumbai, India, August 16, 2018. REUTERS/Francis Mascarenhas/File Photo
India s Nifty 50 hit a record high on Thursday, boosted by energy and information technology stocks, with investors eyeing the central bank s policy meeting outcome later this week where it is expected to keep rates at record lows.
The blue-chip NSE Nifty 50 index (.NSEI) rose 0.54% to 15,656.20 by 0404 GMT, while the benchmark S&P BSE Sensex (.BSESN) gained 0.55% to 52,134.62.
The Reserve Bank of India s (RBI) monetary policy committee (MPC) will likely keep the key lending rate or the repo rate (INREPO=ECI) unchanged at 4% for a sixth straight meeting, holding at record lows. read more