Despite inflation gloom, Sensex ends at nearly one-month high

Indian markets closed higher for a fifth consecutive session even though India’s headline inflation hit an eight month high,increasing the odds for yet another interest rate hike by the central bank at its policy review later this month.

[caption id=“attachment_1091983” align=“alignleft” width=“380”]  Reuters[/caption]

While the BSE Sensex closed up79 points at 20,607.54, Nifty ended 16.50 points higher at 6,112.70.

This is thehighest close in nearly one month, as technology shares continued to make record highs after Infosys cheered the sector on Friday by raising the lower end of its fiscal 2014 revenue outlook.

TCS (4.55 percent), Ambuja Cements (2.77 percent), Wipro, ACC (2.27 percent), Bank of Baroda ( up 1.63 percent) and Reliance Industries (1.24 per cent) were among the index gainers.

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