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Friday, October 28, 2011

Market rejoices the Greek bailout

On Thursday, European leaders managed to convince the private bankers and insurers to accept 50% loss on Greek government bonds under EFSF (European Financial Stability Facility) to lower the Greece’s debt burden to 100 billion Euros (142 billion USD)which shall become  120% of the Greece’s GDP by 2020 from  160% now.
Market relished this and Nifty opened gap-up of more than 150 points and closed at 5360.
FII’s were net buyers of to the tune of 2166 crore.
Apart from the Greece bailout, Q3 USA GDP growth too was impressive .All these reasons helped Nifty to close 3% up.
Following are the top 20 gainer vital stocks-


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