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Sensex, Nifty Climb 1.5%; Bajaj Twins, I.T. Stocks Surge — Mid-Day Market Update

India’s stock benchmarks rose the most in over a month, aided by surge in information technology, metal, banking stocks, after U.S. Federal Reserve Chairman Jerome Powell hinted that the pace of hike will slow down at some stage.The U.S. central bank would set policy meeting-by-meeting, even as Powell reiterated commitment to fight inflation. The comments hint at a possibility of slower pace of monetary tightening and aided sentiment…

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