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Sensex up by 179.68pts@ 20128.41 & Nifty close up by 64.75pts@ 6038.05. The BSE
Sensex rose nearly 1 percent on Thursday to close at its highest in 1-1/2 months after
Axis Bank surged on better-than-expected June-quarter results, sparking a rally in other
banking stocks as well. The government's decision to remove the foreign direct
investment limit in the telecom sector will help reduce leverage and strengthen balance
sheets in the medium term.