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The Sensex
and Nifty closed higher today after inflation rate plummeted to an 18-month
low, raising optimism that the Reserve Bank of India could ease monetary policy
next month, as the economy faces a manufacturing slowdown and weak growth in
the farm sector.
While
the Sensex closed 465 points higher at 36,318, Nifty ended 149 points at 10,886 .Shares of
Yes bank were up 5 % at Rs 205 on
Tuesday, extending its Monday’s 6 per cent rally, amid reports that Deutsche
Bank’s India CEO Ravneet Singh Gill is in race for the top job at India’s
fourth largest private sector bank. Shares of infosys it a three-month
high of Rs 727, up 4% on Tuesday, extending its Monday’s 2.5 per cent gain on
the BSE, after the software services firm increased FY19 constant currency revenue growth guidance to 8.5-9 %from 6-8 % earlier.
The company has maintained its EBIT (earnings before interest and tax) margin
guidance range at 22-24 per cent. Shares of jet airways rose as much as
6 % to Rs 312 in early trade Tuesday after various media reports suggested that etihad airways plans to increase its stake in the
cash strapped airline. etihad
airways currently owns a 24 per cent stake in the
debt-laden airline.
YES Bank
(3.86%), Infosys (3.66%) and Reliance Industries (3.02%) were the top Sensex
gainers.
Top
Sensex losers were Maruti (0.72%), ICICI Bank (0.23%) and PowerGrid (0.03%).