Wednesday, 11 January 2017

Banks & metals lift Sensex 241 pts, Midcap 1%; Hindalco soars 6%

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Equity benchmarks extended gains for second consecutive session Wednesday, with the Sensex closing at two-month high after stable earnings from banks (despite demonetisation) and China's decision to cut steel production. Globally investors will closely watch US President-elect Donald Trump's news conference later in the day for any clues to his policies on tax, fiscal spending, international trade and currencies.

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