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Stock markets bounce back in early trade as India’s GDP grows stronger-than-expected in April-June

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MUMBAI: Equity benchmark indices Sensex and Nifty rebounded in early trade on Monday after India’s economy grew by a stronger-than-expected 7.8 per cent in April-June, its fastest pace in five quarters.

The 30-share BSE Sensex climbed 343.46 points to 80,153.11 in initial trade. The 50-share NSE Nifty went up by 105.8 points to 24,532.65.

From the Sensex firms, Infosys, Tech Mahindra, Tata Consultancy Services, Power Grid, HCL Tech and NTPC were among the major gainers.

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