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Indian benchmark indices, Nifty and Sensex, closed higher for the second consecutive day on Friday, buoyed by banks, consumer, and metal stocks. Analysts noted Nifty's recovery above its 50-DMA, signaling bullish sentiment and potential for further gains towards 25,200 and 25,500, supported by a drop in India VIX.
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Flipkart Investments plans to exit its entire 6% stake in Aditya Birla Lifestyle Brands via a Rs 950 crore block deal, highlighting strong institutional interest in Indias premium apparel sector.
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Indian equity markets rebounded 1% last week, fueled by the RBI's decision to maintain the repo rate at 5.5%, which improved market sentiment. With Q2FY26 earnings season commencing, investors will track corporate results. Key trading dates for potential momentum and sharp movements are October 6, 7, and 9, alongside crucial Nifty support and resistance levels.
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