However, the broader markets outperformed benchmarks. The BSE Midcap and Smallcap indices gained 0.5 percent and 0.9 percent, respectively on strong market breadth. More than two shares advanced for every share declining on BSE.
Just ahead of the Union Budget, with the market trading close to 23,000 levels and a lot of pessimism building in, Manishi Raychaudhuri of BNP Paribas told CNBC-TV18 he expects the benchmark to reach 29,000 by December this year.
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