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The Nifty Bank and Nifty PSU Bank Indexrecovered tracking gains in government bond prices after the government said it has reduced its additional borrowing requirement for 2017-18 (Apr-Mar) to Rs20,000cr from Rs50,000cr.
The Nifty Bank index was up 0.3% after falling as much as 0.2% earlier. The Nifty PSU Bank index was up 0.7% after falling 1.3% earlier.
IDFC Bank Ltd is currently trading at Rs61.1, up by Rs1.05 or 1.75% from its previous closing of Rs60.05 on the BSE. The scrip opened at Rs59.5 and has touched a high and low of Rs61.6 and Rs59.45 respectively.
Bank of Baroda is currently trading at Rs160.05, up by Rs3.05 or 1.94% from its previous closing of Rs157 on the BSE. The scrip opened at Rs157 and has touched a high and low of Rs160.15 and Rs154.6 respectively.
Punjab National Bank is currently trading at Rs168.85, up by Rs3.3 or 1.99% from its previous closing of Rs 165.55 on the BSE. The scrip opened at Rs165.55 and has touched a high and low of Rs169.15 and Rs162.75 respectively.
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