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With favourable industrial output (IIP) and inflation data (CPI), the Indian equity market witnessed a strong rebound for the third consecutive week with Nifty index closing above the crucial psychological level of 10,400.
Further, the index managed to retest 10,500 levels during the last trading session (Friday) although it failed to hold and closed at 10,480 levels with 1.44 percent gain on the weekly basis.
The sectorial index also indicated a positive trend on the weekly basis with Nifty IT, Bank Nifty and Metal index closing higher despite the geopolitical tension
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