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Market continues to increase due to robust data and the RBI's decision to maintain interest rate



The BSE Sensex rose by 1.42% to close at 59,832.97, and the Nifty increased by 1.37% to 17,599.15 for the week. The Indian equity market experienced a boost in sentiment due to foreign institutional investors' buying, higher direct tax collection in FY23, strong manufacturing PMI data, and the RBI's decision to maintain interest rates at the same level.

Despite the relief rally for the week, the major indices are still below the recent swing highs, and it remains to be seen if they will confirm a pullback rally. Experts expect the relief rally to continue in the upcoming week, leading to speculations about a possible pullback rally.

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