23:24
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The market continued to see buying interest in morning trade led by FMCG, auto, metals, capital goods and pharma stocks.
The Sensex rose 178.67 points to 25957.33 and the Nifty gained 44.25 points at 7887.55.
Maruti Suzuki hit a record high of Rs 4,762.90, up more than 1 percent as CLSA believes the car maker will get benefitted from falling rate environment.
On Tuesday, the Reserve Bank of India slashed repo rate by 50 basis points to 6.75 percent. CLSA believes that over the next 12-18 months, lending rates will likely reduce by about 150 bps.
Posted in: Indian Market Tips
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