Key benchmark indices edged higher after the Reserve Bank of India's (RBI) surprise announcement on Monday evening to improve liquidity conditions in the banking system. But, the market gave away a lion's part of the initial strong gains. The Sensex was provisionally up 57.04 points or 0.29%, CNX Nifty closed up by 22 points at 5928.4. The overall market breadth, indicating the overall health of the market, was positive but in Nifty50 stocks the advance to decline stood at 23 advances to 27 declines indication the latent bearish sentiments. Many bank stocks reversed initial gains, SBI(top loser in Banknifty) closed down over 2% inspite of a firm opening.
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