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Indian shares rise; banks gain
August 23, 2017 / 6:44 AM / 4 months ago

Indian shares rise; banks gain

(Reuters) - Indian shares extended early gains to end higher on Wednesday, boosted by banking stocks after the cabinet approved a mechanism to oversee consolidation in public sector banks.

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, June 29, 2015. REUTERS/Danish Siddiqui/Files

The benchmark BSE Sensex closed up 0.88 percent at 31,568.01. The broader NSE Nifty ended 0.89 percent higher at 9,852.5. Both the indexes recorded gains for a second straight session.

The Nifty PSU Bank index closed 2.09 percent up.

Reporting By Arnab Paul in Bengaluru; Editing by Vyas Mohan

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