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    <title>Markets rebound on buying in banking, auto stocks</title>
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    <description>Equity benchmarks recovered late as buying in banking and auto stocks (notably HDFC Bank, Kotak Mahindra Bank and Reliance Industries) offset early selling; market momentum was concentrated in financials and autos while several large caps lagged. The US Fed cut rates by 25 basis points but left projections unchanged; commentators said the move would have limited impact on domestic markets amid FII selling, heavy IPO supply and weak recent earnings, with FIIs net sellers and DIIs net buyers.</description>
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