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30-Share Index Up to All Time Peak; Nifty 50 too Soars

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30-Share Index Up to All Time Peak; Nifty 50 too Soars

March 24
17:30 2014

bse 30New Delhi, Monday, March 24 – Going beyond the earlier record peak struck in the earlier week, the Nifty 50 soared nearly by 1.2 % on the first working day of this week to an all time peak, for the reason that lenders including ICICI Bank widened a fresh perk up following a robust foreign speculator flows.

Detailing it further, improving on the earlier record peak touched on Tuesday, March 18, the CNX Nifty went up to a record high of 6,575.80 points, and was higher by 1.2 % during late morning trade. More to the point, the 30-share index too touched an all-time peak at 22,046.58.

In addition to this, doing better than the almost 5 % increase in the Nifty 50, the bank sub-index of NSE has jumped nearly by 14 % up to now in March. Researchers have stated intense purchase by overseas speculators into a segment that under-performed the wider indicator in 2013, in spite of the expectations the Reserve Bank of India (RBI) would maintain interest rates on hold at its policy review on the first day of coming month are also giving support to the increase. At the same time as HDFC Bank soared by 1.8 %, ICICI Bank augmented by 2.8 %.

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