The Indian equity market bounced back sharply during the last week, after falling significantly in the previous week. On the very first day of the week, the market recovered most of the losses by the closing. This was followed by two consecutive days of strong gains. After taking a breather on Thursday, it again soared on the last trading day.On a week-on-week basis, the BSE Sensex surged 1241 points or 9.2% to close at 14744.92. The S&P CNX Nifty ended at 4374.95, up by 371 points or 9.2%. Despite recent concerns on a higher fiscal deficit and some disappointment from the Budget, the market quickly recovered due to the renewed optimism on the government's plan to tackle the deficit and ensure the growth path
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