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		<img align="" alt="Illustration: Ajay Mohanty" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-09/27/full/1632681743-2937.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="Markets, Sensex, Nifty, Stock markets" width="620">
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		Illustration: Ajay Mohanty</div></div>

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CLOSING BELL ON JULY 26, 2023: The NSE Nifty rallied 98 points to 19,778; IT and bank stocks gained ground, while M&M and Bajaj twins slipped on Wednesday.

Markets, Sensex, Nifty, Stock markets

<div>
	<strong>Stock Market Highlights: </strong>The key benchmark indices exhibited a firm trading session ahead of the US FOMC meet outcome later tonight backed by strong Q1 earnings from Larsen & Toubro and Tata Motors. Buying was also visible in IT and bank stocks on Wednesday.</div>
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	The S&P BSE Sensex touched a high at 66,897 and was up nearly 550 points at the high point of the day. However, losses in Bajaj twins saw the BSE benchmark pare gains and eventually settle 351 points higher at 66,707.&nbsp;In the process, the Sensex snapped its 3-day losing streak, wherein the index had shed 1,216 points.</div>
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	The NSE Nifty 50 hit a high of 19,826 before settling with a gain of 98 points at 19,778.<br />
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		Larsen & Toubro surged 3.5 per cent a day after reporting strong Q1 performance, and Rs 10,000 crore share buyback. <a href="https://www.business-standard.com/markets/news/l-t-surges-4-hits-new-high-on-strong-q1-results-rs-10-000-crore-buyback-123072600122_1.html?1690344946" target="_blank"><strong>READ MORE</strong></a></div>
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		ITC, Sun Pharma and Reliance Industries advanced around 2 per cent each. Kotak Bank, Axis Bank, Infosys and SBI were the other prominent gainers. Whereas, Bajaj Finance and Bajaj Finserv slipped around 1.5 per cent each after the former announced its Q1 results. Mahindra & Mahindra, Tech Mahindra and Asian Paints were the other notable losers.</div>
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		In the broader market, the BSE MidCap index moved 0.3 per cent higher, and SmallCap index added 0.2 per cent.&nbsp;</div>
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		<strong>Primary Market Update</strong></div>
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	<div>
		Yatharth Hospital and Trauma Care Services IPO was subscribed 80 per cent as of 3:30 PM. The Retail and HNIs portion was fully subscribed on Day 1 of the offer period. Here&rsquo;s what <a href="https://www.business-standard.com/markets/news/should-you-subscribe-to-yatharth-hospital-s-ipo-what-brokerages-say-123072600185_1.html" target="_blank"><strong>brokerages recommend</strong></a>.</div>
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Sensex snaps 3-day losing streak, ends 351 pts up; L&T, RIL, ITC shine

Business Standard

Sensex snaps 3-day losing streak, ends 351 pts up; L&T, RIL, ITC shine | News on Markets - Business Standard

US dollar index steady above 101-mark ahead of FOMC outcome

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Brent Crude hovers near 3-month high, at $83 per barrel

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Mainland Chinese markets fall up to 0.4% in early deals

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Hang Seng index starts lower, weighed by 2% fall in Alibaba

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Japan's Nikkei 225 trades flat in Wednesday's early deals

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Australian markets rise as inflation eases more than expected in June

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US markets edge higher overnight ahead of Fed's rate decision

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Good morning readers! Stay tuned with Business Standard for more live updates

Stay tuned with Business Standard for more live updates

Broader markets gain but underperform benchmark indices

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Sectoral trends :: All but Nifty Auto index gain in trades

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Sensex Heatmap :: L&T, ITC, RIL help lift Sensex; Bajaj twins drag

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CLOSING BELL :: Sensex snaps 3-day losing streak, gains 350 pts

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Suzlon Energy tumbles 10% in 2 days post Q1FY24 results

Shares of Suzlon Energy were locked in the 55 lower circuit band for a second straight day on Wednesday after the company&#39;s net profit for Q1FY24, including exceptional loss, tumbled to Rs 101 crroe. <a href="https://www.business-standard.com/markets/news/suzlon-energy-tumbles-10-in-2-days-post-q1fy24-results-123072600425_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Suzlon" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-03/22/full/1647966289-1222.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Suzlon" width="620" /></div>

Inflation bites off Jubilant Food's Q1 profit; analysts serve earnings cut

What&#39;s also worrying the Street is the likelihood of a dismal Q2FY24 performance, which they feel will be marred by soaring milk, cheese and vegetable prices, and an embargo on Ukraine&#39;s wheat exports. <a href="https://www.business-standard.com/markets/news/inflation-bites-off-jubilant-food-s-q1-profit-analysts-serve-earnings-cut-123072600342_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Dominos" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-09/16/full/1568581307-7044.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Dominos" width="620" /></div>

High cotton prices, dull demand to keep textile stocks in check: Analysts

<div>
	Textile stocks have exhibited a mixed performance so far this calendar year (CY23), amidst higher domestic cotton prices and tepid global demand. Shares of Page Industries, Dollar Industries, Lux Industries, and VIP Clothing have declined up to 13 per cent so far in CY23, as against a 9 per cent jump in the S&amp;P BSE Sensex. On the contrary, shares of Arvind, Welspun India, Raymond, and Gokaldas Exports have gained up to 51 per cent, during the same period. <a href="https://www.business-standard.com/markets/news/high-cotton-prices-dull-demand-to-keep-textile-stocks-in-check-analysts-123072600285_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="The pink bollworm has been damaging Maharashtra's cotton crop since the last two years." src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-08/07/full/1533582794-8203.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a></div>

Action Construction at new high on strong outlook; soars 48% so far in July

Shares of Action Construction Equipment (ACE) hit a new high of Rs 724.60, as they rallied 7 per cent on the BSE in Wednesday&rsquo;s intra-day trade on expectations of strong earnings.&nbsp;Thus far in the month of July, the stock of construction vehicles company has soared 48 per cent. While, so far in the calendar year 2023, it has zoomed 139 per cent, as compared to 9.2 per cent rise in the S&amp;P BSE Sensex. <a href="https://www.business-standard.com/markets/news/action-construction-at-new-high-on-strong-outlook-soars-48-so-far-in-july-123072600281_1.html" target="_blank"><strong>READ</strong><br />
<img alt="Stock market" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-07/11/full/1689041790-6358.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a>

ACC, Ambuja: 5 cement stocks show rising trend on charts in a choppy market

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	Selective cement companies have seen remarkable upside in the past four months. While the key benchmark indices underwent tremendous volatility during this phase, shares of UltraTech Cement, ACC, and Orient Cement were formulating accumulation and laying a significant base for the upward rallies. <a href="https://www.business-standard.com/markets/news/acc-ambuja-5-cement-stocks-on-rise-despite-market-witnessing-volatility-123072600273_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="cement" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-09/22/full/1632332818-6645.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a></div>
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Should you subscribe to Yatharth Hospital's IPO? Here's what brokerages say

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	Delhi NCR-based hospital chain Yatharth Hospital and Trauma Care Services&rsquo; initial public offering (IPO) has opened for subscription on Wednesday, July 26 and will close on Friday, July 28.&nbsp;</div>
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	The IPO consists of a fresh issue of shares worth Rs 490 crore and an offer for sale by promoters Vimla Tyagi, Prem Narayan, and Neena Tyagi to sell up to 6.55 million equity shares, around 18.4 per cent of the total share capital of the company. The price band is fixed at Rs 285-300 per share. <a href="https://www.business-standard.com/markets/news/should-you-subscribe-to-yatharth-hospital-s-ipo-what-brokerages-say-123072600185_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="IPO" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/26/full/1682532185-002.png?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a></div>

L&T surges 4%; hits new high on strong Q1 results, Rs 10,000 crore buyback

L&amp;T&rsquo;s order book crossed the Rs 4-trillion mark for the first time. L&amp;T&rsquo;s order inflow for Q1FY24 was up 57 per cent at Rs 65,520 crore, which the company attributed to strong ordering movement in the domestic infrastructure segment and from the renewable energy and hydrocarbon segment of the Middle East market. <a href="https://www.business-standard.com/markets/news/l-t-surges-4-hits-new-high-on-strong-q1-results-rs-10-000-crore-buyback-123072600122_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-05/12/full/1652370372-3664.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
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Tata Motors DVR hits record high, zooms 18% on delisting plan

The proposal, subject to shareholders&rsquo; approval, is aimed at simplification and consolidation of its capital structure. Earlier this year, Tata Motors delisted its American depositary shares listed on the New York Stock Exchange. <a href="https://www.business-standard.com/markets/news/tata-motors-dvr-hits-record-high-zooms-18-on-delisting-plan-123072600104_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-06/27/full/1656301005-7259.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
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ALERT :: Qatar's QIA in talks for minority stake in Reliance Retail, reports FT

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	&gt;&gt; Qatar Investment Authority (QIA), Qatar&#39;s sovereign wealth fund, is in talks to buy a minority stake in billionaire Mukesh Ambani&#39;s Reliance Retail Ventures, the Financial Times reported on Wednesday.</div>
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	&gt;&gt; The fund is considering a $1 billion investment in the retail unit, giving it a stake of about 1% and valuing the business at around $100 billion, the FT said, citing three people with knowledge of the discussions.<br />
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Buzzing stock :: Tata Motors DVR soars 15%; TaMo to convert them into ordinary shares

Tata Motors on Tuesday announced the termination of its differential voting rights (DVR) or A-share programme, under which, seven ordinary shares of the company will be issued for every 10 A-shares held, and all its outstanding A-shares will stand cancelled. According to the latest share prices and swap ratio, the DVR is available at a 20 per cent discount to the ordinary shares.&nbsp;<br />
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Buzzing stock :: TaMo in top gear post Q1; stock hits record high of Rs 665

Tata Motors also posted a consolidated net profit of Rs 3,202 crore for Q1 of FY24, beating Street estimates, on a 42 per cent YoY jump in revenues to Rs 1.02 trillion. The company posted a net loss of Rs 5,006 crore in the corresponding quarter last year<br />
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Buzzing stock :: L&T zooms 4% on Rs 10,000-cr buyback, strong Q1

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	L&amp;T on Tuesday announced a buyback of up to Rs 10,000 crore. It also reported a 46.5 per cent year-on-year rise in net profit for the June quarter (Q1FY24) on the back of improved operational performance and higher other income. L&amp;T&rsquo;s order book crossed the Rs 4-trillion mark for the first time.&nbsp;<br />
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Nifty Losers :: Asian Paints, Adani Ent down half a per cent

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HEATMAP: L&T, Tata Motors, Power Grid power Sensex upmove

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OPENING BELL: Sensex opens 200 pts higher

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Stocks to Watch: Tata Motors, L&T, CEAT, Tata Motors DVR, SBI Life, BPCL

<div>
	<strong>Tata Motors/ Tata Motors DVR: </strong>The automaker on Tuesday announced the termination of its differential voting rights (DVR) or A-share programme, under which, seven ordinary shares of the company will be issued for every 10 A-shares held<br />
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	<strong>CEAT:</strong> The tyre manufacturer has posted over a 15-fold increase in consolidated net profit during the first quarter of the financial year 2023-24 to Rs 144 crore as compared to Rs 8.68 crore during the same period last financial year.</div>
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	<strong>UTI AMC:</strong> The company&#39;s Q1 net profit jumped 154 per cent to Rs 234 crore. Its revenue from operations rose 60 per cent to Rs 468 crore. <strong><a href="https://www.business-standard.com/markets/news/stocks-to-watch-today-26-july-tata-motors-tata-motors-dvr-sbi-life-123072600066_1.html" target="_blank">READ</a></strong><br />
	<img alt="BSE, stock market, sensex" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-03/27/full/1679907304-0203.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></div>

Tata Motors rides on JLR to see 42% surge in revenue; posts Rs 3,200 cr net

Automotive giant Tata Motors posted a consolidated net profit of Rs 3,202 crore in the first quarter (Q1) of 2023-24 (FY24), beating Street estimates, riding on a 42 per cent year-on-year (YoY) jump in revenues to Rs 1.02 trillion. <a href="https://www.business-standard.com/companies/results/tata-motors-posts-rs-3-200-crore-profit-on-jlr-push-revenue-jumps-42-123072500895_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Tata Motors" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-02/03/full/1675439205-1134.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Tata Motors" width="620" /></div>
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L&T gets board nod for Rs 10K cr share buyback; Q1 profit surges 46.5% YoY

L&amp;T&#39;s order book crossed the Rs 4-trillion mark for the first time. <a href="https://www.business-standard.com/companies/results/l-t-announces-rs-10-000-cr-buyback-q1-profit-up-46-5-beats-estimates-123072500871_1.html?1690341049" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="L&amp;T, larsen and Toubro" class="imgCont" height="196" src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-01/19/full/1516383026-5189.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="L&amp;T, larsen and Toubro" width="300" /></div>
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CEAT Q1 net profit increases 15-fold on dip in raw material prices

During the Q1 of FY24, the company&#39;s total income was also seen up by 4 per cent to Rs 2,938 crore against Rs 2,821 crore during the Q1 of FY23. <a href="https://www.business-standard.com/companies/news/ceat-q1-results-net-profit-up-15-fold-on-dip-in-raw-material-prices-123072500825_1.html?1690341049" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Ceat tyres" class="imgCont" height="280" src="https://bsmedia.business-standard.com/_media/bs/img/article/2016-12/19/full/1482126280-9412.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Ceat tyres" width="370" /></div>
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FIIs bought equities worth Rs 1,089 crore on Wednesday, July 26

WATCH VIDEO | Can the rally in auto stocks run out of fuel soon?

Investors have been warming up to auto stocks with the index surging over 27% this fiscal. A number of stocks from this sector have passed milestones. Will the rally last? Let&rsquo;s find out.<br />
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<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="400" scrolling="no" src="https://www.youtube.com/embed/v7bhYh_XGOA" title="Can the rally in auto stocks run out of fuel soon?" width="600"></iframe>

Nifty FMCG looks weak; Metal index likely to face resistance above 6,600

According to Ravi Nathani, an independent technical analyst, the Nifty FMCG index has near support at 51,750, below which the index can slide to 50,990. <a href="https://www.business-standard.com/markets/news/nifty-fmcg-looks-weak-metal-index-likely-to-face-resistance-above-6-600-123072600052_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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		<img align="" alt="market, stocks, stock market trading, stock market" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2023-03/21/full/market-stocks-stock-market-trading-stock-market-1679390510-62072620.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="market, stocks, stock market trading, stock market" /></div>
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Buy Bank of India, Bank of Maharashtra recommends HDFC Securities

On the broader market outlook, Vinay Rajani the technical &amp; derivative analyst says that the Nifty could swing in the 19,783 - 19,567 range in the near term. <a href="https://www.business-standard.com/markets/news/buy-bank-of-india-bank-of-maharashtra-recommends-hdfc-securities-123072600058_1.html?1690339664" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="markets" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/05/full/1680716245-8139.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="markets" /></div>
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Gift Nifty signals a quiet start to Wednesday's trade

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Walmart shares seen gaining 30% in next year after $100 bn rally: Report

Walmart is expected to report fiscal second-quarter results before the market opens August 17. <a href="https://www.business-standard.com/world-news/walmart-shares-seen-gaining-30-in-next-year-after-100-bn-rally-report-123072501010_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Walmart" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-03/01/full/1614617420-3212.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Walmart" width="620" /></div>
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Bitcoin continues to remain below $30,000-mark ahead of Fed rate stance

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