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Market LIVE: Bull run may continue for indices; RIL in focus ahead of Q4 results

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Welcome to Mint live blog. Track this space for latest news and updates on stock markets. Key Wall Street stocks surged on Wednesday due to hopes of an effective covid-19 treatment, helping investors shrug off bleak GDP data and words of warning from the US Federal Reserve Chair Jerome Powell.

Big tech companies provided the biggest lift to the S&P 500 and the Nasdaq, and pushed all three major US stock averages closer to their all-time highs reached in February.

The US Fed left key interest rates near zero at the conclusion of its two-day monetary policy meeting, with Powell warning that the country's economy will drop at an "unprecedented rate" in the current quarter.

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