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Equity markets in India reached new records in the last week of June, ending the month with a 3.5% gain. The rally was supported by strong foreign institutional investor flow and positive sentiment from the advance of the southwest monsoon. Several smallcap and midcap stocks delivered double-digit returns. Analysts expect the upward trend to continue, and investors will be watching for economic data releases and insights from the US Federal Reserve s FOMC minutes going ahead.

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