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Sensex, Nifty Seen Flat To Higher

(RTTNews) - Indian shares may open flat to slightly higher Thursday after the recent string of gains.

Announcing sweeping reforms in the agricultural sector, the Union Cabinet has approved an ordinance removing restrictions on farmers selling their produce outside notified market yards. This move helps farmers to engage in direct marketing, including via electronic platforms without incurring taxes.

The Union Cabinet also approved amendments to the Essential Commodities Act removing commodities like cereals, pulses, oilseeds, edible oils, onion and potatoes from the list of essential commodities.

In another development, the government has decided to form an empowered group of secretaries chaired by cabinet secretary to encourage both foreign and domestic investments into India.

Benchmark indexes Sensex and the Nifty rose around 0.8 percent on Wednesday as hopes for V-shaped recovery coupled with expectations of central bank policy support helped investors shrug off rising geopolitical risks. The rupee settled 11 paise lower at 75.47 against the dollar.
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