Sensex, Nifty trade near all-time highs; consumer durables up 6%

The S&P BSE Midcap and the S&P BSE Smallcap indices outperformed the frontline indices

In a choppy trade, benchmark indices were marginally higher in the afternoon trade after hitting their all-time highs in intra-day trade as services sector growth rising at fastest pace in 4 months in May lifetd the sentiments. PMI stood at 52.2, higher than the 50.2 figure seen in April. The 50-point mark separates expansion from contraction, indicating that the health of the sector continues to be overall positive.
 
The gains were, however, capped as investors remained cautious ahead of the Reserve Bank of India (RBI)'s policy meeting, which begins tomorrow.
 
Economists don’t expect the six-member Monetary Policy Committee (MPC)