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Sensex rises 240 pts on hopes of Fed rate hike pause; Nifty hovers around 18,600


Benchmark indices Sensex and Nifty closed higher for the second straight session on Monday, boosted by buying in index heavyweights Reliance Industries, ICICI Bank and M&M stocks amid a positive trend in global markets. The 30-share BSE Sensex climbed 240.36 points or 0.38 per cent to settle at 62,787.47. During the day, it jumped 396.09 points or 0.63 per cent to 62,943.20. The NSE Nifty advanced 59.75 points or 0.32 per cent to end at 18,593.85.



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