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Sensex rises 390 points, Nifty nears 11,200 on rate cut hopes

Sensex rises 390 points, Nifty nears 11,200 on rate cut hopes
BSE flagship Sensex was up 390 points or 1.40 per cent at 38,078 while NSE benchmark Nifty added 102 points or 0.94 per cent to 11,197.