In a late rally triggered by cabinet decisions on SBI merger and National Civil Aviation Policy. The Sensex was up 330.63 points or 1.2 percent at 26726.34, and the Nifty ended 97.75 points or 1.2 percent at 8206.60. About 1660 shares have advanced, 961 shares declined, and 170 shares are unchanged.
NTPC, SBI, L&T. Maruti and Bharti Airtel were top gainers in the Sensex while Dr Reddy's Labs, M&M, Sun Pharma, Adani Ports and Axis Bank were losers.
State Bank of India surged nearly 5 percent after the Cabinet has approved merger of five subsidiary banks with itself. State Bank of Bikaner and Jaipur, State Bank of Mysore and State Bank of Travancore rallied 20 percent each.
India economy clocked a five-year high growth rate of 7.6 percent in 2015-16, mainly on account of good performance of manufacturing and improvement in farm sectors.
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