Sensex, Nifty hit record highs; ease ahead of RBI review

Reuters Market Eye - The BSE Sensex and Nifty trade flat after earlier rising to record highs for a seventh consecutive session ahead of the Reserve Bank of India's monetary policy review at 11 a.m. in which it is likely to keep rates unchanged.

The BSE Sensex is up 0.1 percent after earlier rising as much as 0.44 percent to an all-time high of 22,485.77, while the broader Nifty falls 0.1 percent after earlier gaining 0.41 percent to a record high of 6,732.25.

Hindalco Industries Ltd falls 2.4 percent on profit taking after rising 8.3 percent on Monday.

Punjab National Bank is down 1 percent after being the best performer of the NSE in March with a 35 percent rally.

 

Among blue-chips, Tata Consultancy Services and Tata Motors gain 1 percent each.

Overseas investors bought Indian shares worth 9.43 billion rupees on Monday, provisional exchange data show.

(Reporting by Abhishek Vishnoi)