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Indian markets snapped the two-day losing streak on Friday as positive weather forecast provided boost to consumer and financial services stocks. The benchmark Sensex climbed 391 points, or one per cent, to close at 37,556, while broader Nifty closed 116 points, or one per cent, higher at 11,361. The positive sentiment also echoed in the broader markets as the BSE mid- and small-cap indices gaining 0.9 per cent and 1.1 per cent respectively. All the 19 sectoral indices trading in the BSE closed in the green. Foreign portfolio investors (FPIs) net sold shares worth Rs 58.7 million while domestic institutions bought shares worth Rs 870 million.This relief rally in the markets comes after India Meteorological Department (IMD) predicted a normal monsoon at 95 per cent of the long-term averages. Banking stocks led the charge during Friday's rally with shares of Axis Bank jumping 5.2 per cent - the most by any Sensex company. Shares of Yes Bank, ICICI Bank, Kotak Mahindra Bank and HDFC too .

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