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The Intraday market remained steady in afternoon trade supported by
private banks, capital goods, auto and oil & gas stocks. The Sensex
advanced 61.87 points to 26622.02 and the Nifty rose 15.55 points to 7951.60.
The market breadth turned negative with the 1434 shares declined and 1270
shares advanced on the Bombay Stock Exchange.
PSU banks continued to see selling pressure with the top lenders State Bank of India, Punjab National Bank and Bank of Baroda falling 1-1.5 percent after sources say the Economic Offence Wing (EOW) Mumbai is probing role of public sector banks relating to the fixed deposit (FD) scam.
PSU banks continued to see selling pressure with the top lenders State Bank of India, Punjab National Bank and Bank of Baroda falling 1-1.5 percent after sources say the Economic Offence Wing (EOW) Mumbai is probing role of public sector banks relating to the fixed deposit (FD) scam.
Vijaya Bank, Indian Overseas Bank (IOB) and Dena
Bank declined 3-5 percent after sources say EOW filed FIRs against employees of
these banks. Shares of BPCL, Asian Paints, ONGC, Hero Motocorp, GAIL, Wipro and
Sesa Sterlite gained 1-2.5 percent while Tata Power, Axis Bank, Sun Pharma,
Infosys, Jindal Steel, DLF, Bank of Baroda and PNB lost 0.8-3 percent.
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