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Bank Nifty is now ready for a take-off
State Bank of India, the nation’s largest lender, will receive $1.6 billion from the government in an infusion of capital, ending a two-year wait for funds even as slowing economic growth fueled bad loans. The stock was repeatedly recommended in this blog if you could remember. Even Allahabad Bank Ltd which came out with good set of numbers for Q3FY11, was also recommended repeatedly in this blog.

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