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After a dismal first week of 2023, domestic equities staged a strong turnaround on Monday in line with gains across their global peers.
The BSE Sensex rallied over 950 points to an intra-day high of 60,861 and the NSE Nifty jumped 270 points to reclaim the 18,100 level. Both the indices eventually closed 847 points and 242 points higher, respectively.
The rally was spearheaded by IT shares with the Nifty IT index rising over 2 per cent intra-day. Other sectoral pockets also held firm gains.
TCS gained 3 per cent ahead of its scheduled December quarter result announcement today.
Moreover,
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