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Close to 50 companies have announced stock splits this year so far, something experts say is typical in a bull phase.
Short-covering and the propping up of net asset values have potential to boost frontline as well as second-rung names next week
Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
OIL, IOC, HPCL, BPCL slipped between 0.1-1.5% each while the oil producing companies such as ONGC (0.1%), RIL (1.5%), GAIL(2.6%) also edged lower.
Experts feel select companies in banking, automobiles, financial services & real estate will gain from lower interest rates
Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
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