Sensex in India trading rebounded on the second quarter economic growth report. The GDP in the quarter jumped 9.3% lifted by strong growth above 10% in manufacturing and service sectors. Agriculture lagged with a growth of 3.6%. Wholesale price index, a measure of inflation, declined at the end of last week to 3.94%. First read in the last 20 months below 4%. Essar Oil is planning to raise $750 million in the international markets. Wipro has agreed to pay $160 milion for marketrx.
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