BSE Sensex closes at 39,056; NSE Nifty ends above 11,700

BSE benchmark Sensex added 185 points to hit an all-time closing high of 39,056 and the NSE Nifty closed above the key 11,700. Tata Motors drove the Sensex rally for the second session in a row, surging over 8 per cent. Other top gainers were Bharti Airtel, PowerGrid, IndusInd Bank, TCS, Bajaj Finance and State Bank of India.

The RBI’s rate-setting panel on Tuesday started its 3-day deliberations for the first bi-monthly monetary policy of 2019-20 amid expectations of a cut in key lending rate by another 25 basis points to boost economic activities.