State-run firms also also rose today after a report said the government had asked some of them to consider share buybacks.
Indian markets ended sharply higher today, buoyed by sharp gains in banking stocks and positive global equities. The NSE Nifty 50 index closed up 0.94% at 11,873.05, while the S&P BSE Sensex ended nearly 450 points higher at 40,431. Bank stocks led gains in the Nifty 50, with ICICI Bank shares adding 5.3% and Axis Bank ending 4.4% higher, helping the Nifty Bank Index close 3.1% higher.
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