Mumbai July 31 (IANS) Healthy quarterly earnings results and expectations of a dovish monetary policy aided the key Indian equity indices to pare their initial losses and end Tuesday s trade session on a record high.
The trade was largely volatile ahead of the Reserve Bank of India s monetary policy review on Wednesday.
However supported by healthy buying in the consumer durables capital goods and IT stocks the indices ended on a positive note.
The day s trade also witnessed Reliance Industries (RIL) surpassed Tata Consultancy Services (TCS) in market capitalization (market-cap).
On a closing basis the market-cap of RIL on BSE stood at Rs 7.51 lakh crore compared to Rs 7.43 lakh crore of TCS.
At 3.30 p.m. the wider Nifty50 on the National Stock Exchange settled at 11 356.50 points higher by 36.95 points and 0.33 per cent from its previous close.
It had also touched a fresh benchmark of 11 366 points during the intra-day trade.
The barometer S&P BSE Sensex which had opened at 37 534.95 points closed at 37 606.58 points higher by 112.18 points or 0.30 from its previous close of 37 494.40 points.
During the day it touched a record intra-day high of 37 644.59 points and a low of 37 298.75 points.

--IANS rrb-rv/mr