Markets extended gains on Thursday as the benchmark indices hit record high once again. The BSE Sensex ended at 54,492.84, up 123.07 points or 0.23%. The Nifty closed at 16,294.60, up 35.80 points or 0.22%. All eyes are on the RBI monetary policy review outcome which is scheduled on Friday. The decision of status quo on key rates is already priced in however RBI’s stance on inflation and commentary on growth will be key focus