The benchmark indices clawed their way back today, with the Nifty closing near 22,600 despite early weakness. FMCG stocks were the flavor of the day, buoyed by monsoon optimism. Metal and banking shares, however, remained lackluster. The positive momentum comes despite global jitters ahead of the US Fed minutes release. Investors seem optimistic about reduced election worries, but foreign investors remain cautious on the sidelines awaiting the election outcome.
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