Barometer gauges maintain gains in morning deals
India, Oct. 7 -- Local equity benchmarks continued their trade in green in morning session on the back of buying in Bankex, Telecom and FMCG sectors. Buying in frontline stocks such as Yes Bank, HDFC Bank and Kotak Mahindra Bank were aiding sentiment, while selling in Mahindra & Mahindra, Sun Pharma and Tata Motors - DVR kept the gains in check. Sentiments got a boost with NITI Aayog vice chairman Rajiv Kumar's statement that the government expects economy to grow by 6.5% in the current fiscal and that all efforts were focused on bringing India to a higher growth trajectory. Some comfort also came in with India Inc statement that the reduction in key lending rate by 25 basis points by the Reserve Bank of India (RBI) is likely to revive inve...
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