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Analysts said a slightly higher than expected rise in the policy rates by RBI and weak global cues halted the rally on Dalal Street.

State Bank of India, the country's largest lender, rose 1.67 per cent to Rs 3,111.80, to emerge as the best performer in the Sensex-30 pack.
The currency rose to 46.25 against the US dollar on mild selling of the US currency by banks and corporates in view of continued capital flows.
Textiles and apparel firm S Kumars on Thursday said it has raised Rs 235 crore by issuing fresh shares to Qualified Institutional Buyers.
The board, headed by Commerce Secretary Rahul Khullar, may also come out with strict norms for units engaged in recycling of plastic.
The 30-share Sensex of the BSE added 155.15 points to close at 19,502.11. The key index had gained 1,126 points in the past six days.
Bullion dealers said the trading sentiment was bullish, taking gold to Rs 19,500 per 10 grams, amid hectic buying during the ongoing festive season.
At its annual Nokia World event in London, Nokia unveiled the three new devices-E7, C7 and C6-all using the latest Symbian software.
The finance minister, sticking to his conservative estimates from the Budget, said he expects the economy to grow at 9 per cent in 2011-12.
The figure is compiled under the new series with 2004-05 as the base year. Inflation for previous week settled at 11.47 per cent under the old series.
The auto company surged over 2 per cent to hit a new high, but erased its early gains to settle in a negative terrain, as the investors booked profits.

Cairn India Chairman Bill Gammell told company shareholders that the field could produce 20 per cent more from the current 1,25,00 barrels per day.
The Mukesh Ambani-led company is looking at a 25 per cent increase in the price of natural gas produced from its Krishna-Godavari fields.
The state-owned company said the bankers will manage the first phase of its upcoming Rs 8,000-crore follow-on public offer, scheduled for early next year.