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Friday, August 05, 2016

Sensex, Nifty up 1%; govt sets inflation target at 4% till 2021

Epic Research sensex nifty50


Equity benchmarks as well as broader markets remained strong in noon trade, rising 1 percent each on broadbased buying after a consolidation for previous five sessions.

The 30-share BSE Sensex gained 279.54 points at 27993.91 and the 50-share NSE Nifty surged 92.45 points to 8643.55. About 1675 shares advanced against 720 declining shares on the BSE.

Finance ministry official said the government has kept inflation target at 4 percent for next five years (with +/- 2 percent).
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