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Indian stock markets hit new highs on Thursday, driven by rising commodity stocks and hopes of Chinese interest rate cuts, with seven Nifty50 stocks also reaching new 52-week highs.
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The Nifty formed a bullish engulfing candle as the bulls took charge towards the end of the day and lifted the indices to a new high, mirroring global trend. The rate-cut optimism has provided a positive impetus to the global market.
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Petroineos said the closure of Grangemouth was due to it being unable to compete with more modern foreign sites.
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