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If Nifty holds Wednesday's low of 24,150, a rebound to 24,350 is possible. However, sustaining above 24,360 (100-DEMA) is crucial for further gains. Below this level, traders should remain cautious, advises Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.
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Economists say the faster pace of price rises all but rules out an interest rate cut on Thursday.
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Campaigners say they will keep fighting on pensions after government rejects compensation.
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News and Media
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