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The S&P BSE Sensex rallied as much as 232 points in trade on Monday, led by gains in HDFC, ITC, ICICI Bank, HDFC Bank and L&T. 

Tracking the momentum, the 50-share Nifty index also managed to reclaim its crucial resistance level of 8400, supported by gains in metal, banks, pharma, capital goods and power stocks. 

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