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BSE Sensex recovers on rate cut hopes, valuations
The BSE Sensex and Nifty recovered on Monday after earlier hitting their lowest intraday levels since early January, as hopes for interest rate cuts sparked gains in banks, while bargain-hunting lifted blue chips such as Larsen & Toubro. Falling oil prices as well as declining core inflation and growth in India give the Reserve Bank of India room to adjust interest rates, a deputy governor said on
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