India Sensex, Nifty surge.

 
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Domestic stock markets clocked sharp gains last Friday, rising for a second straight day, after a report by news agency Reuters said that the government is likely to exempt foreign portfolio investors from higher taxes triggered a surge in the markets.

The SandP BSE Sensex index rose as much as 460.18 points in afternoon deals to 37,787.54, and the broader NSE Nifty benchmark climbed to 11,178.55, up 146.1 points from the previous close...

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