The S&P BSE Sensex is trading at 23,295 up 308 points, while NSE Nifty is trading at 7,072 up 101 points.
The BSE Mid-cap Index is trading up 1.90% at 9,797, whereas BSE Small-cap Index is trading up 1.81% at 9,857.
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Global cues are supporting the cause with Asian markets mostly higher
except for China which has lost weight as its market resumed after the
week-long Lunar New Year holiday. There is no basis for sustained yuan
weakness thanks to China’s large current account surplus and China has
no intention to boost net exports through a large devaluation of yuan, Zhou Xiaochuan, the
People’s Bank of China‘s long-time Governor told Chinese financial
magazine Caixi.
Mic Electronics and RKB Agro Industries will consider allotment of
convertible equity shares today while DCB Bank and Kesoram Industries
will consider raising of funds.
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