Sensex, Nifty End Modestly Higher

(RTTNews) - Indian shares eked out modest gains on Thursday, with metals, FMCG and IT stocks pacing the gainers. Banks came under selling pressure ahead of the RBI's policy announcement.

The benchmark 30-share BSE Sensex rose 123.07 points, or 0.23 percent, to settle at 54,492.84 while the broader NSE Nifty index ended the session up 35.80 points, or 0.22 percent, at 16,294.60.

Both the indexes closed at record highs for the third straight session amid earnings optimism and expectations of dovish policy from the Reserve Bank of India.

Bharti Airtel rose as much as 3.9 percent in the Nifty pack, while Tata Steel, Tech Mahindra, ITC and Eicher Motors climbed 2-3 percent.

SBI led the declines to end 3.3 percent lower, while Bajaj FinServ, Bajaj Finance, ICICI Bank and IndusInd Bank dropped 1-2 percent.
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