Equity benchmarks gained strength in late afternoon after consolidation from opening, aided by banks and index heavyweights Reliance Industries & ITC.
The 30-share BSE Sensex was up 118.74 points at 27893.62 and the 50-share NSE Nifty was up 23.60 points at 8598.90. The broader markets also gained in line with frontliners as about 1244 shares advanced against 1055 declining shares on the BSE.
Bank of Baroda shares cracked 8 percent as gross NPL’s rose to 11.15 percent and slippages were at Rs 5,527 crore.
Tata Communication hit a fresh 52-week high of Rs 519, gaining 12 percent in the last 2 days after CNBC-TV18 highlighted Finance Minister Arun Jaitley statement that the demerger of the surplus VSNL land will be tax exempt.
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