NEW DELHI: The government decision to inject Rs 2.11 lakh crore into the ailing state-run banks and a Rs 6.9 lakh crore infrastructure push helped the domestic stock market fire on all cylinders during the week gone by. Stocks of PSU banks and infrastructure firms saw massive gains, which helped lift equity benchmarks Sensex and Nifty to fresh lifetime highs. The insurance company has set a price band of Rs 770-800 per share for the IPO. The Nikkei Manufacturing PMI in India came in at 51.2 in September of 2017. “Technically speaking, weakness may not materialise unless the Nifty50 closes below the 10,237 level.

Source: Economic Times October 29, 2017 04:52 UTC