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a considerable rise
today, heading for their
fourth session of gains,
as lenders advanced
on hopes of stable asset
quality after ICICI Bank's positive outlook and a
reduction in bad loans at some of the state-run
banks.
Gains were pretty broad-based, with the BSE MidCap
index hitting a record high for a second consecutive
session at 11,392.69.
The moderation in formation of new stress loans,
coupled with Finance Minister Arun Jaitley's plan to
infuse nearly $2 billion into state-run lenders, helped
the Bank Nifty gain as much as 1.4 percent.
.......................... (News Source- Reuters)
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