Indian Stock Market Update: Sensex, Nifty Rise on Crude Oil Slump, RBI Policy Awaited
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Indian stock markets started the week on a positive note with Sensex and Nifty gaining significantly. The rally was driven by a slump in crude oil prices due to Iran deal optimism and anticipation of the Reserve Bank of India's Monetary Policy Committee meeting. Key stocks like ITC and IndiGo led the gains while Muthoot Finance slipped. The PMI Manufacturing index slipped to a near five-year low in July.
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