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Indian stock markets are advancing, approaching record levels. Experts see continued strength in the Nifty, with support at 25,600. Metals and PSU banks are identified as key performing sectors. Steel Authority of India and Bank of Maharashtra are highlighted as promising stock picks. Broader market participation is increasing as the earnings season concludes.
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The oil giant also says it is suspending its share buyback programme ahead of the arrival of its new boss.
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The results have been welcomed by climate and clean energy groups but could face opposition from local communities.
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