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Sensex beats global markets. Key factors behind today's 300-point rally

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Sensex gained 290 points to 34,247.05.Heavyweight Reliance Industries added 2.3% while IndusInd Bank Ltd surged 7.7%, to end as the top gainer in the Nifty index.

The Nifty banking index ended up 1.81%."Sense of optimism is now building in the markets and traders to prefer not to remain short in the market.

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