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Indian stocks stage strong comeback

Xinhua, June 15, 2016 Adjust font size:

Indian stocks snapped a four-day losing streak and surged Wednesday as a broader consensus evolved on goods & services tax (GST) and Cabinet approves merger of State Bank of India and several smaller banks.

The benchmark S&P BSE Sensex closed at 26,726.34, 330.63 points or 1.25 percent up from previous close of 26,395.71, with a turnover of 502.66 crore rupees (about 74.9 million U.S. dollars). Endit