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The Indian stock market saw a significant rally on Wednesday. The Sensex jumped 1,205 points, closing at 75,273. Amidst this broader market strength, six stocks from the BSE 1000 index reached their highest levels in a year. These new 52-week highs signal positive momentum for these companies. Prime Focus, Acutaas Chemicals, and Aurobindo Pharma were among those reaching new peaks.
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India’s economy shows robust growth, projected at 7.1% for FY27. Strong domestic demand and investments in technology are key drivers. Global geopolitical tensions, particularly in the Middle East, pose a risk through potential oil price spikes. India’s reliance on energy imports makes it vulnerable. The nation’s growth trajectory will be tested against these external factors.
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SpaceX is aiming to file its initial public offering ​prospectus with regulators later this week ​or next week, The Information reported on Tuesday, ​citing a person with direct knowledge of the plans.
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The government has appointed Kompella Venkata Ramana Murty as a whole-time member of Sebi for a period of three years.
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Indian government bonds ended ​little changed on Wednesday ​after a choppy trading session, as crude prices hovered ​near the $100-per-barrel mark despite falling more than 7% on reports of a possible U.S.-Iran ceasefire plan.
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