The BSE Sensex and Nifty opened flat on Tuesday. Development in the domestic front failed to boost sentiments amid lower participation from institutional players due to of year-end holidays.
Sentiment remained positive as the cabinet on Monday approved ordinance to amend Land Acquisition Act. Five areas, which include defence, rural infrastructure, electrification, affordable housing, industrial corridors and PPP are now exempt from the consent clause and social impact assessment clause, due to which the process of land acquisition will be easier.
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