Sensex, Nifty end at fresh highs for 2nd straight session; TCS top gainer

S&P BSE Smallcap index outperformed the frontline indices, rising 0.6% for the day

Benchmark indices settled the day on record high for second consecutive session as services sector growth rising at fastest pace in 4 months in May lifted the sentiment. PMI stood at 52.2, higher than the 50.2 figure seen in April.
 
The gains were, however, capped as investors remained cautious ahead of the Reserve Bank of India (RBI)'s policy meeting, which begins tomorrow.
 
Economists don’t expect the six-member Monetary Policy Committee (MPC) to tinker with policy rates of the Reserve Bank of India (RBI) when it meets this week.  Twelve economists polled by Business Standard ruled out a rate