Sensex surges over 300 points as oil prices fall and central bank holds rates

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India's Sensex index closed more than 300 points higher, with the S&P BSE Sensex ending at 78,954.76, up 373.76 points or 0.48 percent, buoyed by falling oil prices and the Reserve Bank of India's widely expected decision to keep interest rates unchanged. Banking and energy stocks led the market gains.

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