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Nifty shows signs of an upside bounce, forming a double bottom pattern around 24,700 levels. A move above 25,000 could lead to 25,400-25,500 resistance levels. Analysts suggest a 'buy on dips' strategy as long as support at 24,690 holds.
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The Transport Secretary says it would make "no sense" to have the line terminate in west London.
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Domestic institutions, including mutual funds and insurers, bought equities of over $4 billion in the three sessions, according to data compiled by Bloomberg.
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