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Benchmark share indices were up around 0.4% as hopes of a rate cut by the Reserve Bank of India next week continued to build after a decline in February core inflation. Nifty trading up by 26 pts, Sensex up by 64 pts.
Metal, oil and gas, pharmaceutical and information technology shares led gains, while the upside in most bank shares was limited on profit booking after the Bank Nifty rose 2% in the previous session. Leading private sector banks like ICICI , HDFC bank are trading down . National Aluminium Co fell 7.4% at 40.85 rupees as its offer for sale got underway. The floor price for the same has been set at 40 rupees a share, a 9% discount to Thursday's closing price of 44.10 rupees.
Benchmark share indices were up around 0.4% as hopes of a rate cut by the Reserve Bank of India next week continued to build after a decline in February core inflation. Nifty trading up by 26 pts, Sensex up by 64 pts.
Metal, oil and gas, pharmaceutical and information technology shares led gains, while the upside in most bank shares was limited on profit booking after the Bank Nifty rose 2% in the previous session. Leading private sector banks like ICICI , HDFC bank are trading down . National Aluminium Co fell 7.4% at 40.85 rupees as its offer for sale got underway. The floor price for the same has been set at 40 rupees a share, a 9% discount to Thursday's closing price of 44.10 rupees.
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