India’s stock benchmarks closed at record on Monday aided by gains in Tata Steel Ltd. and index heavyweight Reliance Industries Ltd. There was relief on the macro-economy front as wholesale inflation eased for the second straight month in July. The S&P BSE Sensex gained 0.26% to 55,582.58, a record close for the 30-stock index which hit a new high of 55,680.75 in intraday trade. The NSE Nifty 50 advanced by a similar magnitude to close at a record 16,563.05. The 50-stock index had hit a high of 16,589.40 in intraday trade.
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