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Sensex shaping up for record

Financial analysts have said India's benchmark Sensex Index could be set to hit a new record high if the US Federal Reserve decides to cut interest rates this week, reported Gulf News. Foreign investors have accumulated $872.2m worth of shares over the past five days in anticipation of a rate cut. The bourse hit an intraday high of 20,238.2 points on October 30 and it is now just 1.3% below that.