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The Indian stock markets have been doing well, with the Sensex passing 80,000 and the Nifty going over 24,300 for the seventh day in a row. The auto and pharmaceutical sectors have been leading the growth, with the pharmaceutical stocks seeing strong gains. Some stocks have even reached their highest point in the past year.
While auto and pharma are performing well, sectors like FMCG (consumer goods) and IT have been a bit weaker. Also, the yield on India’s 10-year government bond has gone up and the Indian Rupee has slightly weakened against the US Dollar.