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BSE Sensex ends higher for second consecutive week, surges 650 pts

Markets ended higher for the second consecutive week as the S&P BSE benchmark Sensex surged by 650 points to conclude at a 3-week high of 19,270.06 on sustained buying mainly in banking, PSU and refinery sectors. 

It was primarily due to various plans announced by the new Reserve Bank of India (RBI) Governor Raghuram Rajan to bolster the financial industry. Brokers said market sentiment remained bullish after Rajan took over as the RBI chief and announced a slew of measures to attract capital flows and boost economic growth. 

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