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Indices close at record highs; Sensex ends above 40k-mark for first time

All that happened in the stock market

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Benchmark indices Sensex and Nifty hit new closing highs on Monday, lifted by gains in heavyweights such as the HDFC twins and Reliance Industries, as fall in crude oil prices and hope of rate cut by the RBI's Monetary Policy Committee (MPC) to arrest growth slowdown lifted investor sentiment. The fourth-quarter growth numbers have forced many analysts to weigh in on a definite rate cut at Thursday’s monetary policy review, a Business Standard report said. READ THE FULL REPORT HERE The indices also hit their respective fresh all-time highs in intra-day ...