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Markets staged a recovery on Friday led by gains in IT majors and index heavyweight like Reliance and Tata Motors after a sharp decline in the previous session. Further, whole sale price inflation in January which eased to an 8-month low also helped improve sentiment.
IT shares led the gains today with Infosys and TCS adding over 1 per cent each.
Markets continued to remain range bound in late noon trades on Friday as gains in IT majors helped offset most of the losses in rate sensitive shares.