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Sensex rises 384 Points, IIP data

Sensex rises 384 points after the declaration of double digit growth in index of industrial production (IIP) after 22 months brought cheer to the market. The wider Nifty at National Stock Exchange rose by 2.2% to close at 5054. Market movement on Monday was in line with the IIP numbers that grew by 10.4% for the Month of August. The consumer durable segment that saw real growth emerged as the top gainer among the sectoral indices.

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