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Sensex rises 145 pts, Nifty ends above 24,550; ONGC spurts 5%
The domestic equity indices extended gains for a second day, with the Nifty50 closing above 24,550. Hopes of a US rate cut in September buoyed sentiment. Barring the Nifty IT index, all the sectoral indices on the NSE ended higher. PSU banks and oil & gas shares rallied.