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Heavyweights including Reliance, L&T and ICICI Bank all rallied smartly in opening trade. Sesa Goa which had dropped sharply by almost 9% in Monday's trade following its merger with Sterlite, was up 1% in early trade.
Among the early losers were Cairn and HDFC Bank. Markets are now expected to take cues from the election results of Uttar Pradesh next week and the Union Budget and Credit policy in the following weeks.
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