Closing Call: Bank Nifty surges, PSU banks lead charge
Nifty snapped a two-day losing streak, gaining 119 points to 23,242, as Bank Nifty posted its strongest single-day gain in nearly two months. The RBI's new forex swap facility at a discounted 1.5% rate lit a fire under the entire banking pack, with PSU banks leading. India VIX crashed over 8% as fear evaporated. Stocks: Data Patterns India, L&T Technology Services, PI Industries, Asian Paints, IndiGo. For more, askfuzz.ai
The skinny
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