The Sensex briefly crossed 37000 intraday, for the first time since September 21 last year. Indus Ind Bank and Axis Bank ended weak, down 0.6 per cent and 0.5 per cent respectively. Nifty is 5.9 per cent away from record high of 11,760.20 hit on August 28.Although markets are near record high, the market breadth is weak. Since October 1, when the Nifty was last seen above 11000, more than 30 Nifty constituents have declined. “Markets are already expecting a change in stance in the RBI policy but a rate cut would be mildly positive,” said Patil.

Source: Economic Times February 07, 2019 02:48 UTC