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India's small-town investors piling in as stocks soar

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Employees of the Bombay Stock Exchange celebrating the Sensex index rising to over 30,000, in Mumbai on April 26. The stock market boom is fanning out to the country's hinterland.

Mumbai

INDIA'S stock market boom is fanning out to the country's hinterland.

Flows into mutual funds from towns outside India's 15 biggest cities surged 41 per cent to a record 3.1 trillion rupees (S$66.4 billion) at the end of March, according to the latest data from the

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