The BSE Sensex and NSE Nifty continued to hold early trade gains amid volatility, due to consistent buying interest in Reliance Industries and ICICI Bank. SBI, Larsen & Toubro and Tata Motors too were quite supportive.
The BSE benchmark rose 113 points or 0.67% to 17,085.48 and the NSE benchmark was up 34.05 points at 5,180.10.
The market is keenly waiting for the announcement of steps by the government to improve economy. Expressing concern over signs of weakness in the Indian economy, Finance Minister Pranab Mukherjee said the government is set to announce certain measures on Monday to improve market conditions in consultations with the Reserve Bank.
"GDP is at 6.5. There is inflationary pressure, there is depreciation of rupee. There are no doubt signs of weakness in Indian economy," the minister said, adding, "I am concerned but not depressed".
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