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RBI’s liquidity measures drive Sensex up 500 pts

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The benchmark equity indices broke a two-day losing run and ended higher on Tuesday, with the BSE Sensex gaining over 500 points and the Nifty50 closing above 22,950. The 30-share Sensex added 535.24 points or 0.71 per cent to settle at 75,901.41.

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The RBI on Monday announced a three-pronged measure to address tight liquidity conditions in the banking system, which is one of the major factor in driving the rally.

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