Bank Nifty’s underperformance likely to end

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Analysts also expect the Bank Nifty to reverse its recent underperformance versus the Nifty in the near term. IT, Pharma, financials and FMCG are expected to outperform in the short term, they said. Indian markets were closed Monday on account of Holi. The index ended up 182.4 points, or 1.3 per cent, to close at 14,507.30 on Friday.

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