Sensex, Nifty End Off Day's Highs

(RTTNews) - Indian shares rose for the fourth straight session on Monday, although stocks finished off their day's highs ahead of key central bank meetings in the United States and Japan this week.

Global cues remained supportive after oil prices climbed about 2 percent in Asian deals on talk of an OPEC deal to limit output and reports of fighting at Libyan oil ports.

The rupee also traded a tad higher at 66.96 per dollar in the afternoon as the greenback slipped against its major rivals on expectations the Fed will leave interest rates and monetary policy largely unchanged, when it ends its two-day policy meeting on Wednesday.

The benchmark S&P BSE Sensex hit an intraday high of 28,714.77 before paring gains to end the session up 35.47 points or 0.12 percent at 28,634.50. The broader CNX Nifty index finished 28.55 points or 0.33 percent higher at 8,808.40.

IT major TCS rallied 2.3 percent after it has been featured in the Global Dow Jones Sustainability Index 2016 for the fourth consecutive year. ICICI Bank advanced 1.6 percent as its life insurance subsidiary ICICI Prudential's Rs. 6,000-crore IPO opened today for subscription.

Heritage Foods soared 9.5 percent on reports of stake sale to Future Group. Among the laggards, Aix Bank, Bajaj Auto and Maruti Suzuki fell over 1 percent each.