MUMBAI, Jan 19 (Reuters): The Nifty rose for a third consecutive session on Monday to mark its highest level in nearly 1-1/2 months as Wipro surged on strong earnings while lenders gained on continued optimism the Reserve Bank of India's surprise rate cut last week would revive credit growth.
The NSE bank index rose as much as 1.1 per cent to a record high of 19,434.20 after the Reserve Bank of India (RBI) cut interest rates by 25 basis points on last Thursday.
Earnings by blue-chips such as ITC on Wednesday and ECB's decision on its widely-expected quantitative easing programme on Thursday are seen as the next key triggers.
The broader Nifty closed 0.4 per cent higher, after earlier touching its highest intraday level since December 5.
The benchmark BSE Sensex ended up 0.5 per cent, after rising to its highest since December 8.
Wipro rose 5.3 per cent after the country's third-largest IT services exporter on Friday reported better-than-expected growth in December-quarter net profit.
Nifty ends near 1-1/2-month high
FE Team | Published: January 20, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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