Nifty snaps 2-day fall, rises 116 points
Mumbai, Aug 3 (DIN NEWS) After two consecutive sessions of falls, the NSE benchmark Nifty today rebounded by 116 points to 11,360.80 to hit a new closing high on hectic buying in sectors such as banking, metal, media, FMCG and pharma. Shares got a boost after the India Meteorological Department in its latest forecast said that monsoon in August and September will be normal, that is 96 plus/minus 9 per cent Long Period Average. Overseas, European equities were trading higher helped by a rally in banking shares after Royal Bank…
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