We expect the weakness in Nifty to persist, due to the lack of leadership from heavyweight sectors such as Bank Nifty and IT, alongside the prevailing weak market sentiment.
Indian market closed with a positive bias, as BSE Sensex and Nifty50 saw gains, led by auto, FMCG, realty, and IT sectors. Biocon, RBL Bank,
Reliance Infrastructure and Reliance Power boards approved plans to raise Rs 6,000 crore each via QIP or other modes. Both firms also cleared NCD issues
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