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Nifty ended today’s trade at 10,077 level gaining 62 points, whereas BSE Sensex closed higher gaining 205 points at 32,514 level. State Bank of India was the top Nifty gainer on Monday’s trade. State Bank of India closed higher by 4.58% at Rs 312.80 per share.BSE Mid-cap index closed higher by 0.39% at 15,389. BSE Small-cap index closed higher by 0.14% at 16,039. India VIX closed higher by 6.8% at 11.9.
There were 786 advances, 892 declines and 291 unchanged stocks on NSE reflecting a negative undertone floating in the market.Bank Nifty closed above 25,000 level for the first time ever. PSU bank stocks roared on Monday’s trade after SBI introduced a 2-tier saving bank interest rate with effect from July 31, 2017. According to the bank, for balance above Rs 1 crore will continue to earn interest at 4% per annum, but for balances below Rs 1 crore, the bank has cut interest rate at 3.5% per annum.
Other PSU Bank stocks namely Bank of Baroda closed up 2.94% at Rs 166.30 per share, Punjab National Bank closed up 2.3% at Rs 162.70 per share and Bank of India closed up 2.31% at Rs 166.00 per share.Jewellery stock glittered in today’s trade. Thangamayil Jewellery closed at Rs 324.00 per share, up by 3.96%, PC Jeweller closed at Rs 258.00 per share, up by 3.74% and Gitanjali Gems closed at Rs 64.oo per share, up by or 0.71%.
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Nifty ended today’s trade at 10,077 level gaining 62 points, whereas BSE Sensex closed higher gaining 205 points at 32,514 level. State Bank of India was the top Nifty gainer on Monday’s trade. State Bank of India closed higher by 4.58% at Rs 312.80 per share.BSE Mid-cap index closed higher by 0.39% at 15,389. BSE Small-cap index closed higher by 0.14% at 16,039. India VIX closed higher by 6.8% at 11.9.
There were 786 advances, 892 declines and 291 unchanged stocks on NSE reflecting a negative undertone floating in the market.Bank Nifty closed above 25,000 level for the first time ever. PSU bank stocks roared on Monday’s trade after SBI introduced a 2-tier saving bank interest rate with effect from July 31, 2017. According to the bank, for balance above Rs 1 crore will continue to earn interest at 4% per annum, but for balances below Rs 1 crore, the bank has cut interest rate at 3.5% per annum.
Other PSU Bank stocks namely Bank of Baroda closed up 2.94% at Rs 166.30 per share, Punjab National Bank closed up 2.3% at Rs 162.70 per share and Bank of India closed up 2.31% at Rs 166.00 per share.Jewellery stock glittered in today’s trade. Thangamayil Jewellery closed at Rs 324.00 per share, up by 3.96%, PC Jeweller closed at Rs 258.00 per share, up by 3.74% and Gitanjali Gems closed at Rs 64.oo per share, up by or 0.71%.
The sugar stocks were also buzzing during Monday’s trade. As reported by a leading news agency, the government is seeing 2017-18 sugar output at around 24 mt vs 20.3 mt (YoY).Among other sugar majors, Dwarikesh Sugar Industries closed up by 7.58% at Rs 514.00 per share, Dhampur Sugar Mills closed up by 5.81% at Rs 245.00 per share and Uttam Sugar Mills closed up by 4.35% at Rs 167.95 per share.
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