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Sensex zooms 793 pts on FM’s 'mini Budget'; Nifty tops 11,000

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An up to 3 per cent rout in Asian stocks could not deter domestic stocks rallying over 1 per cent in Monday’s trade, thanks to US president Donald Trump's comments on trade negotiations with China and FM Nirmala Sitharaman’s ‘mini-Budget’ that offered sops to the ailing banking, auto and NBFCs sectors and eased FPI concerns by rolling back tax surcharge announced in the Budget. The BSE Sensex jumped over 650 points in opening trade, but only to slip into negative terrain. It fell over 200 points, before staging a smart rebound. The 30-pack index eventually settled the day 793 points, or 2.16 per cent, higher at 37,494.12. The NSE counterpart Nifty50 closed at 11,057.84, up 228.50 points, or 2.21 per cent.

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