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Nifty at 20-month high

Nifty at 20-month high

The 50-share Nifty jumped past the 5,900 mark for the first time since April 2011 as Indian markets got off to a robust start on Wednesday.

The government’s decision to allow foreign direct investment or FDI in multi-brand retail will be put to vote today. Political analysts expect the government to win the crucial vote.

Indian equities have seen sharp gains in December mainly on account of strong liquidity and most analysts have turned positive in their outlook despite weak macro-economic data.

 

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