Banks lift Sensex over 350 pts; RBL, Federal, DCB & other regional lenders may rally

freestockcashtips

Nifty Bank rallied nearly 600 points to hit a fresh record high after sources told that the government is considering allowing 100 percent FDI in the banking sector.

Benchmarks may be off the day’s highs but are still trading on a good note.

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The Sensex is up 355.30 points or 1.01% at 35437.12, and the Nifty up 76.10 points or 0.71% at 10864.60. The market breadth is narrow as 1166 shares have advanced, 1459 shares declined, and 256 shares are unchanged.


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