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Sensex up 1.2% as blue chips rally
The Bombay Stock Exchange (BSE) benchmark Sensex rose 1.2 per cent on Monday to close at 16,416.84 points, its highest since May 10, as improved global risk sentiment spurred buying in financials , such as State Bank of India (SBI) and other blue chips that have taken a beating this month. The Nifty advanced 1.3 per cent to 4,985.65 points, its highest close since May 8. Despite the bargain-hunting
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