Nifty has closed at 29-month high and this week it was up 55 points at 5449. Gains were led by METAL and TELECOM stocks which bounced back after recent correction – TATA STEEL, HINDALCO, IDEA and BHARTI rose more than 5% each. BPCL fell 4% after reports that Government may not share revenue losses of Oil Marketing Companies for first quarter. Select banks – KOTAK BANK, PNB were top losers. Q1
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