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The market rebounded after two-day losses and managed to recoup some of those losses on January 23, tracking positive global cues. The uptrend in most of sectors, barring metals, aided rally in benchmark indices, but the breadth tilted in favour of sellers which resulted into mixed close for broader markets.

The BSE Sensex rallied more than 300 points to 60,942, while the Nifty50 climbed over 90 points to 18,118. The index has formed Long Legged Doji pattern, signalling indecision among bulls and bears, and raising possibility of trend reversal.

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