Stocks in Focus: GIFT Nifty traded flat at 19,607, up marginally 0.01%, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex. The NSE Nifty 50 gained 0.56% to settle at 19,545.75, while the BSE Sensex added as much as 405.53 points to 65,631.57.

“The positive signal from the PMI data and the correction in the crude price boosted the market sentiment. Reduction in FIIs selling rebound sectors like bank and IT shares today. While regarding RBI policy, positively, the market expects the interest rate to be hold-on as external demand outlook indicates muted trend fearing disinflationary trend in the future,” said Vinod Nair, Head of Research at Geojit Financial Services.

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