Markets

sensex today: Markets keep rising steadily, SBI stock surges 4%

At 1.07 pm, 30-share BSE Sensex was at 32,468.08, up by 158.20 points while the broader 50-share NSE Nifty had gained 37.90 points at 10,052.40. The State Bank of India (SBI) stock went up by 4 per cent in afternoon trade.

| Jul 31, 2017, 01:17 PM IST

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In Monday’s afternoon trade, equity benchmarks- Sensex and Nifty were consolidating their gains at a steady pace as both the indices were up by more than 0.40 per cent.

At 1.07 pm, 30-share BSE Sensex was at 32,468.08, up by 158.20 points while the broader 50-share NSE Nifty had gained 37.90 points at 10,052.40.

The State Bank of India (SBI) stock went up by 4 per cent in afternoon trade. This development came after the country’s largest lender
cut interest rate
on savings bank accounts to 3.5 per cent from 4 per cent on balance of Rs 1 crore and below.

Apart from SBI, other bank stocks like ICICI Bank, Bank of Baroda and Kotak Mahindra Bank were among the major gainers while pharma stocks were dragging the numbers down as Dr. Reddy’s Sun Pharma, Lupin and Cipla featured among the losers.

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