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UPDATE 1-As Indian shares hit record high, doubts abound about rally

* Strong foreign buying sparking gains (Updates with share prices, details, background)

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BHP likely to refocus its oil business

Shareholders will be closely watching chief executive Andrew Mackenzie’s review of the unit to be presented in Houston next month

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UPDATE 1-Twitter-backer Benchmark Capital raises new venture fund

SAN FRANCISCO, Oct 31 (Reuters) – Benchmark, the firm behind companies ranging from eBay to Twitter, is raising a new venture fund, according to a person familiar with the situation.

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