Mumbai, May 15 (IANS): A day after the country's annual wholesale inflation dipped further, a benchmark index of the Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), provisionally closed 118 points up on Tuesday.

The dip in the annual wholesales inflation is significant as it comes on the back of lower retail inflation data.

The data has given hope to the India Inc that the Reserve Bank of India (RBI) in its next monetary policy review meet on June 2, 2015 will consider the trend and cut lending rates.

During Friday's trade, the wider 50-scrip Nifty of the National Stock Exchange (NSE) also made gains. It provisionally closed the day's trade up 38.15 points or 0.46 percent up at 8,262.35 points.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 27,233.90 points, provisionally closed the day's trade at 27,324 points, up 117.94 points or 0.43 percent from the previous day's close at 27,206.06 points.

The Sensex touched a high of 27,379.57 points and a low of 27,159.76 points in the intra-day trade.