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India's Sensex Shows Strong Gains Amid Global Economic Woes
Sensex rises by 550 points, supported by strong IT and banking stocks, showing resilience amid global economic challenges.
India's Sensex closed at 86,250.48, up 550 points, driven by strong performances in the IT and banking sectors. Despite global economic challenges and inflationary pressures, Indian markets have managed to remain resilient. Investors are optimistic about the domestic economy as corporate earnings continue to show positive growth. Meanwhile, the Nifty rose to 26,470, reflecting a broader market recovery as foreign investment inflows picked up pace.