Mumbai: The stocks on Monday showed resilience in the face of lurking inflation fears as the Sensex edged up to end at 27,288, helped by financial stocks, amid buzz that the finance ministry is likely to finalise the capital infusion plan for public sector banks.
However, global markets turned nervous after reports surfaced about a hard exit of Britain from the European union.
The funds infusion will be more than Rs 25,000 crore as announced in the earlier budget and the additional requirement will reflect in the final batch of supplementary demand for grants to be presented in the upcoming budget session, sources said.
Companies held up well on the earnings front so far, which came as a positive. The 30-share Sensex ended at 27,288.17, up 50.11 points, or 0.18 per cent. The gauge had shed 9 points on Friday. The broader NSE Nifty settled 12.45 points up, or 0.15 per cent, at 8,412.80. Intra-day, it moved between 8,426.70 and 8,374.40, reports PTI.
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