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Over the last five trading sessions ending on October 17, the Nifty gained 1.7%, rising by 425 points to close at 25,710. The benchmark index ended in positive territory on three of the five days. Notably, during this rally, nine stocks from the Nifty500 index recorded gains in each of the five sessions. (Data Source: ACE Equity)
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Indian fixed income saw modest gains. Low inflation and strong growth supported returns. Steady foreign investment and RBI policy provided a boost. Government bond yields experienced volatility. The RBI paused its repo rate at 5.50%, awaiting global trade clarity. This pause signals potential future easing. Foreign investors remained net buyers of Indian debt.
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Brokerages Centrum Broking has come out with a list of 10 stock to buy this Diwali. The scrips come for varied sectors like manufacturing, banking, and automobile sectors, offering up to 31% over Samvat 2082. Here's what it recommends and why-
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