Indian market rebounds on Thursday
Some of the key stocks that gained on Thursday were Sun Pharma, Infosys, Maruti Suzuki, Tata Steel, GAIL, Aurobindo Pharma and Tata Motors (DVR) while ITC, L&T, ICICI Bank, Asian Paints, Coal India, Bharti Infratel, Bosch and BPCL were under pressure.
On Wednesday, the Union Cabinet, chaired by Prime Minister Narendra Modi approved the acquisition by the State Bank of India of its subsidiary banks, namely State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore.
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