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Benchmark indices closed higher for a second straight session on Tuesday helped by gains in banking and power stocks despite losses in global equities amid trade war tensions between US and China. The market breadth was in favour of advances with three stocks advancing against each declining ones.
Sentiments remained under pressure as growth in India’s manufacturing sector slowed again in March as both output and new orders fell to its slowest pace since October. The Nikkei India Manufacturing Purchasing Managers’ Index, or PMI, fell to 51.0 in March from 52.1 in February.
Among sectoral indices, the Nifty PSU Bank index was up over 1.5% led by a rise in the shares of Bank of India and Bank of Baroda.
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