Markets retain morning gains, Nifty holds 8,800; realty index up 3%

The market breadth remained strong as more than two shares advanced for every share falling on BSE

Benchmark indices retained morning gains to continue trading at 4-month high as investors bet RBI will cut interest rates in their policy review meet later this week.
 
Most of the 17 economists polled by Business Standard were hesitant to give a clear call on the possible policy outcome. While six economists expected RBI to pause on Wednesday, 11 said the chances of RBI cutting rates by 25 basis points (bps) were a bit on the higher side.
 
Nifty50 reclaimed its 8,800 level for the first time since October 5, and continued trading above it during the afternoon trade