Indices extend winning streak, gains subdued; Sensex rises 221 points

The benchmark indices gained on Tuesday amidst earnings optimism. However, the gains were subdued as Omicron concerns and the timing of the US Federal Reserve's (Fed's) rate hikes weighed on investors' minds.
 
The benchmark Sensex ended the session at 60,617 - a gain of 221 points, or 0.4 per cent. The Nifty, on the other hand, ended the session at 18,055 - a gain of 52 points, or 0.3 per cent.
 
Analysts said investors expect strong earnings, especially those announcing their earnings initially. However, some companies will see margin pressures due to high commodity costs. 
 
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