Markets closed Higher, Hope on FM’s Economic Package

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Markets closed Wednesday’s session higher, after PM Modi announced a stimulus package of Rs 20-la-Cr to be spelled out later today by FM, Nirmala Sitharaman.

The Sensex closed the day higher by 637-pt at 32008-mark, while the NSE Nifty settled the day up by 187-pt at 9383-levels. Banking and Non-Banking finance Co stocks like L&T Finance Holdings, which closed 8.5-pc in trade today.

Pharma stocks ended the day weak with Sun Pharma, Aurobindo Pharma and Lupin among the losers.

The bank stocks rallied despite concern over rising NPAs and slowing growth. IndiaBulls HF, Canara Bank, and IDFC First Bank were among the gainers from the banking stocks mainly led by hopes on the economic stimulus package.Track latest market updates Best intraday stock tips and Best intraday future tips from here.

Zeel, Axis Bank, Ultratech Cement, L&T and Adani Ports were among major gainers in the Nifty while Nestle, Sun Pharma, Bharti Aitel, Britannia and TCS led mainly the losing stocks.

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