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The market snapped its three-day losing streak and closed half a
percent higher, but the broader markets staged smart show on strong breadth. The S&P BSE Sensex added 196 points
or 0.55 per cent to settle at 36,064, while the NSE's Nifty50 index closed at
10,863.50, up 71 points or 0.66 per cent.On a weekly basis, the 30-share index
Sensex rose 0.53 per cent while Nifty gained 0.66 per cent. About three shares advanced
for every share falling on the BSE.IndusInd Bank, ICICI Bank, HDFC,
L&T and Infosys were leading contributors
while Bharti Airtel, Axis Bank, UPL and Bajaj Auto were under
pressure.Among broader space, TVS Motor Company, Jet Airways, NALCO, Union
Bank, Vijaya Bank, SAIL, RCF, Wockhardt, Dish TV, Meghmani Organics
and OBC rallied 4-11 percent.Marico, Motherson Sumi and Havells
India were under pressure.
BUZZING STOCKS :SBI Life Insurance rebounds 21% after Carlyle
Group acquires 9% stake.Ravneet Gill takes charge as YES Bank's CEO; stock up
3%Public sector banks gain; Oriental Bank, Union Bank soar 10%.Sugar stocks
rally up to 10% as govt approves Rs 10,540 crore soft loan
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