India’s Nifty 50 hits record high ahead of inflation data, Fed policy

A man walks past a new brand identity for Nifty Indices inside the National Stock Exchange (NSE) building in Mumbai, India, May 28, 2019. REUTERS/Francis Mascarenhas/file photo

India’s blue-chip Nifty 50 index opened marginally higher to hit a record high for the eighth session out of nine, ahead of a crucial inflation data and the U.S. Federal Reserve policy decision.

The NSE Nifty 50 index (.NSEI) rose as much as 0.16% to a record high of 21,031.50 points, while the S&P BSE Sensex (.BSESN) gained 0.12% to 70,010.58, as of 9:19 a.m. IST.

Reporting by Bharath Rajeswaran in Bengaluru; Editing by Dhanya Ann Thoppil and Sonia Cheema

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