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Sensex up 74 pts ahead of RBI meet

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Press Trust Of India Mumbai

A day before the Reserve Bank’s quarterly review tomorrow, the Bombay Stock Exchange benchmark Sensex on Monday closed higher by a marginal 74 points even as brokers and fund operators maintained a low profile.

The 30-share Sensex posted a gain of 74.17 points at 14,349.11 on the back of a firm trend in capital goods stocks, led by Larsen and Toubro.

The National Stock Exchange index Nifty also rose by 20.25 points at 4,332.10. It touched the day’s high of 4352.65 and a low of 4282.25 points.

Market participants said investors fear that another round of tightening measures to curb high inflation could hit the growth prospects of economy.

 

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First Published: Jul 29 2008 | 12:00 AM IST

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