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Sensex, Nifty soar 1.7% on US stimulus hope; HDFC, RIL and ICICI Bank gain

Indices recoup most of the losses of last 2 sessions

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Most global markets posted gains ahead of the testimony of Janet Yellen, Biden’s designated nominee for Treasury Secretary, before the Senate Finance Committee

Samie Modak Mumbai
The benchmark Sensex snapped its two-day, 1,000-point losing streak on Tuesday as investors regained their risk appetite on optimism that the US will announce more stimulus measures under the Joe Biden administration.

The index ended at 49,398, with a gain of 834 points, or 1.72 per cent — the most since November 5. The Nifty50 index rose 240 points, or 1.7 per cent, to 14,521, with 46 of its components posting gains.

Most global markets posted gains ahead of the testimony of Janet Yellen, Biden’s designated nominee for Treasury Secretary, before the Senate Finance Committee. The Street was hoping that

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First Published: Jan 19 2021 | 11:48 PM IST

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