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Markets show recovery signals; ICICI bank gains

Markets show recovery signals; ICICI bank gains

Markets show recovery signals; ICICI bank gains
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By CNBC-TV18 Apr 10, 2018 1:13:09 PM IST (Updated)

The BSE Sensex while approaching the second half, continued to trade in the 33,800 range and the NSE Nifty was juggling between the 10,300-10,400 range.

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Axis Bank and ICICI Bank continued to gain while auto stocks lose in trade with M&M, Hero Motocorp and Tata Motors among top index losers.
The markets on Tuesday opened strong backed by global cues. The BSE Sensex opened at 33,899 points and the NSE Nifty, touching 10,400 levels, opened at 10,417 points.
Though the global cues indicated at a weak or negative opening in the pre-market hours, Xi Jinping's announcement of a more open trade for China strengthened the markets as trade war fears eased a bit.
The Nifty Bank, too, gained 85 points in the opening at 25,179 points. All the major indices were up by 0.30%.
Aluminium prices surged overnight after United States levied its harshest sanctions against Russia.
LME aluminium gained 7% in past two trading sessions, while the Russian index cracked more than 10% overnight.
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