Key benchmark indices edged lower in choppy
trade as increase in crude oil prices triggered concerns about India's
current account deficit and fiscal deficit. The BSE Sensex, was
provisionally down 54.80 points or 0.23%,
CNX Nifty shut shop exactly flat at 7108.75. Realty stocks edged
higher. Coal India and NMDC hit 52-week high. PSU bank stocks surged as a
committee appointed by the Reserve Bank of India (RBI) proposed on
Tuesday the government should cut its stakes in state banks to below 50%
and establish "fully empowered" bank boards.
The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 30 advances to 20 declines.
The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 30 advances to 20 declines.
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