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The Nifty Bank gained was up around 0.28 percent, led by gains of 1-2 percent in ICICI Bank, Axis Bank, Punjab National Bank, Bank of Baroda and IDFC Bank, among others.The Nifty Bank gained was up around 0.28 percent, led by gains of 1-2 percent in ICICI Bank, Axis Bank, Punjab National Bank, Bank of Baroda and IDFC Bank, among others.The move is a big positive surprise. We were mindful of the indirect tax collection falling short of expectations. In that context, this is a big surprise. It also means that a shortfall in indirect taxes is being made up (for). All in all, this is a positive surprise, which is getting reflected in the market,” Manishi Raychaudhuri, Asian Equity Strategist, Equity Cash Asia Pacific, BNP Paribas told CNBC-TV18 in an interview.
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