Punjab National Bank gained nearly 5 percent on a media report that the bank may consider selling stake in subsidiaries for raising funds. However, oil marketing companies saw selling pressure with BPCL down 3 percent.
Manishi Raychaudhuri of BNP Paribas says economists were initially of the view that the US Federal Reserve will raise rates thrice in 2016, but now they feel that it may not raise rates even once in 2016 and 2017
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