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Sensex, Nifty close higher on strong buying in banking stocks

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Mumbai: Benchmark stock indices ended higher on Tuesday, supported by gains in banking and IT stocks amid positive global cues.

Market analysts said steady foreign fund inflows and expectations of a stable interest-rate outlook lifted investor sentiment. Mid-cap and small-cap indices also closed in the green.

The rupee traded in a narrow range against the US dollar during the session.

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