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Sensex zooms 305 pts on value-buying after two-day meltdown; rupee rebounds
Reversing a two-day meltdown, equity indices staged a smart pullback on Wednesday as investors scooped up the recently hammered FMCG, metal, and capital goods stocks, amid a recovery in the rupee. The BSE Sensex, which opened in the green, surged in afternoon trade to finish higher by 304.83 points at 37,717.96. The gauge had plunged about 977 points in the previous two sessions as global trade war tensions had rattled investor optimism.
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