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Markets shrug off US Federal Reserve's hawkish remarks, rise 1.2%

RIL, IT stocks lead rally; Sensex set to reclaim 58K mark

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Tuesday’s gains came on the back of positive inflows from overseas investors to the tune of Rs 385 crore

Sundar Sethuraman Mumbai
The Indian markets rose more than 1 per cent on Tuesday, led by gains in index heavyweight Reliance Industries (RIL) and information technology majors Infosys and Tata Consultancy Services (TCS), amid favourable global cues. The gains came despite hawkish statements by US Federal Reserve Chairman Jerome Powell and elevated oil prices.

After opening weak, the Sensex managed to gain 697 points, or 1.22 per cent, to end at 57,989. The Nifty, on the other hand, rose 198 points, or 1.16 per cent, to close at 17,316.

Tuesday’s gains came on the back of positive inflows from overseas investors to the tune of

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First Published: Mar 22 2022 | 11:33 PM IST

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