MUMBAI: India's stock indices rose on Monday with the Nifty hitting a 15-month high after better-than-expected jobs data in the US sparked a rally in Asian markets. The broader Nifty rose 0.3% to close at 8,711.35 after touching 8,723.50, its highest since April 16, 2015, earlier in the session. "The monetary policy on Tuesday will be Raghuram Rajan's last meeting as the RBI Governor. "There is also an irrational expectation of a rate cut in the monetary policy meet. Analysts are expecting a market decline after the Reserve Bank of India's monetary policy meet on Tuesday.The Sensex rose 0.37% to end at 28,182.57.

Source: Economic Times August 08, 2016 20:37 UTC