 "The Bombay Stock Exchange (BSE) logo is seen at the BSE building in Mumbai (Photo: Reuters)")
The benchmark indices settled at fresh record closing highs on Monday after investors reacted positively to macroeconomic data released with changes in new base-year series for wholesale price index (WPI) inflation and index of industrial production (IIP), while a sharp fall in retail inflation to 2.99% in April extended a debate on whether the Reserve Bank of India (RBI) should cut interest rates.
Hopes for easing inflation got a further boost after the India Meteorological Department (IMD) said on Sunday monsoon rains had reached the country's Andaman and Nicobar islands ahead of the schedule.
The S&P BSE Sensex settled 134
