August 6, 2019 / 10:30 AM / 4 months ago

Indian shares end higher ahead of cenbank policy outcome

BENGALURU, Aug 6 (Reuters) - Indian shares closed higher on Tuesday ahead of the central bank’s monetary policy decision, with banking and financial stocks leading the gains.

The broader NSE index ended 0.79% higher at 10,948.25, while the benchmark BSE index closed up 0.75% at 36,976.85.

A Reuters poll last month showed the central bank was set to cut interest rates further on Wednesday as the country looks to stimulate growth and spending.

The Nifty bank index ended 1.35% higher, while the financials index closed up 1.56%.

Indiabulls Housing Finance was the top gainer in the NSE index, closing up 7.4%, while Zee Entertainment Enterprises was the biggest laggard, ending down 5.9%. (Reporting by Derek Francis in Bengaluru; Editing by Subhranshu Sahu)

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