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Sensex at 20-month high, gains 154 points on US fiscal cliff deal

Driven by all-round optimism, the 30-share index rose by 154.10 points, or 0.79 percent, to end at 19,580.81. This was its highest closing since 19,602.2 on April 21, 2011.

US Senate approves bill to avoid fiscal cliff

The proposal would extend tax rates on annual household income under USD 4,50,000 and postpone automatic spending cuts for two months.