Wednesday, 17 January 2018
Market Live: Sensex, Nifty hold gains, bank stocks rally, metal shares fall
Markets, with banking stocks devoted the most to gains amid forecast
that the government would expansion the foreign investment restraint for
banks, Reuters reported. The rally in banks was also backed by
the government’s judgment on Wednesday to trim additional market renting by 60%
for the ongoing fiscal year ending March. Asian stocks affected record highs as
well, with a rally on Wall Street supporting dynamic investor opinion. A rally
in global markets and the assumption of mitigation of foreign investment norms
in banks are working together to lift the indexes, said Deepak Jasani, head of
retail research at HDFC Securities.
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