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  • 2020-09-28
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Indices remained higher for the whole day, after union Minister Pratap Chandra Sarangi has called for efforts by the local industry to capture the country's huge domestic market, in line with Prime Minister Narendra Modi's vision of 'Aatmanirbhar Bharat' or a self-reliant India. Adding more optimism, Reserve Bank of India (RBI) in its latest data has showed that bank credit rose by 5.26 percent to Rs 102.24 lakh crore, while deposits grew by 11.98 percent to Rs 142.48 lakh crore in the fortnight ended September 11. In the fortnight ended September 13, 2019, advances were at Rs 97.13 lakh crore and deposits stood at Rs 127.22 lakh crore. Equity benchmarks extended their gains in the second half of the trading session, as sentiments over the street remained positive, after the DPIIT has shared a list of 24 key sectors including food processing, toys, furniture, agro chemicals and textiles with respective ministries asking them to work on an action plan with a view to boost domestic manufacturing and make India a self-reliant country. The other sectors include organic farming, iron, aluminium and copper, electronics, industrial machinery, furniture, leather and shoes, and auto parts. On the global front, European markets were trading higher helped by upbeat industrial profits data from China and a jump in German lender Commerzbank after it appointed a new chief executive officer. Asian Markets ended mostly higher on Monday, even after South Korea's consumer confidence weakened in September for the first time in four months. The survey data from the Bank of Korea showed that the composite consumer confidence index fell to 79.4 from 84.2 in August. The index had risen in each month after falling to a low of 7.8 in May. Consumers' assessment of the current and future living standards, income and spending deteriorated

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