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Nifty rose for a second straight session, led by IT, autos and financials, as a falling wedge breakout and RSI signals strengthened short-term bullish momentum, keeping buy-on-dips strategy favourable above key support levels.
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Indian equities ended higher as a stronger rupee, global optimism and expectations of US Fed rate cuts boosted sentiment. Sensex and Nifty gained sharply, led by IT and metals, while technical indicators signalled continued short-term bullish momentum.
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The Reserve Bank ‍of India sold ​a net $11.88 billion in the ⁠foreign exchange market in October, data released on Monday showed, reflecting the central bank’s ‌efforts to ‌support the rupee.
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