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Equity benchmark indices scaled fresh all-time closing highs on Friday, propelled by intense buying in index heavyweights Infosys, HDFC twins, Reliance Industries and TCS amid healthy macroeconomic indicators.
“The US economy showed much stronger-than-expected growth in the first quarter than previously thought, according to a big upward revision Thursday from the Commerce Department,” said Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities.
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