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Nifty crosses 8,900 as financials lead charge

In the banking pack, Axis Bank was up nearly 4% followed by ICICI Bank, HDFC Bank and SBI among others

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SI Reporter  |  Mumbai 

Markets continued to trade near their day's high in late noon trades on Tuesday with financial shares leading the gains after slower than expected US jobs data in August is likely to result in further delay in interest rate hike by the US Federal Reserve. At 2:30pm, the S&P BSE Sensex was up 356 points at 28,888 and the Nifty50 was up 104 points at 8,915.

In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each. In the banking pack, Axis Bank was up nearly 4% followed by ICICI Bank, HDFC Bank and SBI among others. "We believe ...

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First Published: Tue, September 06 2016. 14:42 IST
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