Nifty closes at a record high 17,630

Sensex, Nifty closed nearly 0.71% higher on Thursday. Inflation in India is likely to ease only gradually, Reserve Bank of India Deputy Governor Michael Patra said on Thursday, adding that the outlook on growth and inflation will help determine the future course of monetary policy. Asian markets struggled Thursday to recover from the previous day’s sell-off, with Hong Kong dragged by further losses in casinos as well as tech firms following government crackdowns on the sectors.