Reuters Market Eye - The BSE Sensex is up 0.27 percent while the Nifty gains 0.2 percent.
Tata Motors (TAMO.NS) gains 1.9 percent, up for a fourth day, after stronger-than-expected November sales at Jaguar Land Rover (JLR) reduced concerns about the outlook for the key unit of the Indian auto maker.
Sun Pharmaceutical Industries (SUN.NS) gains 2 percent after it said on Monday Caraco Pharmaceutical Laboratories Ltd. (Caraco), its wholly-owned subsidiary, has acquired URL generic business from Takeda Pharmaceutical Company (4502.T).
Caution also prevails ahead of the RBI policy review. India's central bank is expected to keep interest rates on hold.
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The Lok Sabha on Thursday backed a new bankruptcy code, a crucial step towards establishing a debt resolution regime to strengthen the hands of banks seeking to recover $120 billion in troubled loans. Full Article