The Sensex advanced for the fourth straight day on Tuesday as it closed 24 points higher at over a three-week high of 26,169.41 after the RBI kept the door open for future rate cuts at its policy review.
The Sensex started on a positive note and rose further before settling higher by 23.74 points, or 0.09 per cent at 26,169.41, a level last seen November 6. Higher levels could not be sustained as participants locked in gains. The gauge had gained 369.92 points in the previous three sessions.
The Nifty also moved up 19.65 points, or 0.25 per cent, to 7,954.90 after shuttling between 7,972.15 and 7,934.15. The rupee firmed up to 66.49 against the dollar today, helping mood brighten further.
Stocks of metal companies led by Vedanta Ltd, Tata Steel and Hindalco were back in limelight and gained up to 4.66 per cent after global metal prices climbed.
Out of the 30-share Sensex pack, 16 ended higher. Coal India, Dr Reddy’s, Hind Unilever, Wipro and NTPC all gained.
In step with the trend, the mid-cap index rose 0.78 per cent and small-cap 0.46 per cent.
