NIFTY gained 7 points amid heavy selling by foreign institutions. FIIs have net sold in excess of Rs 1100cr in cash markets, today. JP Associates, ITC, ACC and Tata Steel are the main gainers among NIFTY stocks. Axis Bank, Sterlite, Sesa Goa,IDFC and GAIL each lost 2%. Markets are expecting policy reforms initiatives from PM who also holds the additional charge of finance.
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