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Benchmark indices BSE Sensex and NSE’s Nifty 50 closed higher on Monday on the first trading day of the new financial year helped by healthcare and auto stocks. Shares of auto companies supported gains on positive March vehicles sales data with heavyweights Tata Motors and Maruti Suzuki India leading the gains.
Banking stocks, however, suffered losses after CBI launched an inquiry into ICICI Bank’s Rs 40,000 crore loan to Videocon group. The domestic investors will now look forward to the Reserve Bank of India's first bimonthly policy decision of FY19 to be held later this week.
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