Closing Bell: Nifty Ends Near 17,500, Sensex Gains 550 Pts

Nifty got off to a strong start, opening with a gap up

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optimism in the world's markets prompted a broad rally among the index's major components.

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At the end of the day, it levelled off at 17,486.95.

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Financial services, power generation, automobile manufacturing

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fast moving consumer goods all played significant roles in the shift.

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Broader indices followed suit in trading, increasing by nearly 1 percent.

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Though earnings have been a bit inconsistent so far

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