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Nifty hits record high above 8,600

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Reuters MUMBAI
Last Updated : Nov 28 2014 | 12:25 PM IST

MUMBAI (Reuters) - The Nifty rose more than 1 percent to a record high above 8,600 on Friday, ahead of economic data due later in the day and the Reserve Bank of India's monetary policy on Tuesday.

The Sensex also jumped 1.34 percent to a life high of 2,8822.37.

The BSE Sensex was up 1.25 percent while the Nifty gained 1.36 percent as of 12:11 p.m.

India will release the July-September economic growth data later in the day, which probably slowed to 5.1 percent from a year ago, a Reuters poll showed.

The Reserve Bank of India is due to hold its quarterly policy review on Dec. 2.

(Reporting by Indulal PM; Editing by Anupama Dwivedi)

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First Published: Nov 28 2014 | 12:12 PM IST

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