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Key benchmark indices edged lower last week, as weakness in global stocks played spoilsport towards the end of the week. Some key positive data such as strong GDP numbers and core sector growth was offset by weak Nikkei India Manufacturing Purchasing Managers Index (PMI) for November, coupled with decline in November auto sales. Continued FPI outflows weighed on the indices. Investors keenly awaiting the RBI’s monetary policy this week, remained cautious. Investors maintained caution ahead of the crucial jobs data for November in US on Friday, 2 December 2016 and Italy's constitutional referendum on Sunday, 4 December 2016 which could determine whether or not the country will remain in the euro zone.The S&P BSE Sensex, fell 85.68 points or 0.32% to settle at 26,230.66 last week. The Nifty 50 index lost 27.50 points or 0.33% at 8,086.80.Buying was witnessed in the select mid-cap and small-cap counters. The BSE Mid-Cap index rose 0.13%. The BSE Small-Cap index gained 0.46%.

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We may have formed a temporary panic bottom. Ever since 2014 Modi govt victory, Nifty has always respected 8000 as psychological level whether in bull market or bear market. If we consider Mondays low as panic bottom then high chances of nifty bouncing back to stiff resistance zone around 8500 Levels. For any further move above 8500, market may need a fresh positive trigger failing which we may fall back to 8000 yet again.These sideways moves may kill most of the active traders in form of bulls as well as bears in near future...

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Market tumbled sharply last week after fears of acute cash crunch in India arising out of the government's recent decision to remove high-value notes, disrupting daily lives of millions of Indians who live in a cash economy. Moreover, investors worried that the recently elected US president Donald Trump's policies stance - from protectionism and fiscal expansion - will boost inflation and lead the Federal Reserve to raise interest rates more than expected. US bond yields surged last week, which triggered concerns that a higher interest rates in the US will spark capital outflows from the emerging equity markets. Besides, a mixed trend on other Asian stock markets also influenced the trading momentum in the domestic equity market.Last week, the S&P BSE Sensex fell 668.58 points or 2.49% to settle at 26,150.24. The Nifty fell 222.20 points or 2.68% to settle at 8,074.10. The BSE Mid-Cap index fell 391.59 points or 3.14% to settle at 12,072.43. The BSE Small-Cap index fell 616.13 points or 4.93% to settle at 11,868.94.

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Key benchmark indices edged lower last week weighed by government's black money crackdown and outcome of US presidential election. The barometer index, the S&P BSE Sensex, dropped below the psychologically important 27,000 level during the week. Last week, the Sensex fell 455.33 points or 1.67% to settle at 26,818.82. The Nifty 50 index fell 137.45 points or 1.63% to settle at 8,296.30. The BSE Mid-Cap index lost 375.51 points or 2.92% to settle at 12,464.02. The BSE Small-Cap index fell 392.41 points or 3.05% to settle at 12,485.07. The demonetisation move by the Centre caused a pandemonium in daily life. Mutual funds, in fact, are expecting higher inflows in the coming months, as the surplus deposited in the bank accounts is expected to be channelled into investment vehicles. That should help liquidity in stocks.

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Key benchmark indices slumped in a truncated trading week in sync with fall in global stocks on uncertainty about the outcome of US presidential elections next week. The S&P BSE Sensex, slumped 656.06 points or 2.34% to settle at 27,274.15 last week. The Nifty shed 191.95 points or 2.22% to settle at 8,433.75. Heavy selling was witnessed in mid-cap and small-cap stocks.

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The last week was choppy. After an initial decline, the broader indices bounced back strongly on global cues. But the week ahead will be crucial as the indices are poised at a vital resistance zone and corporate results plus October derivatives expiry could induce volatility. The market ended higher in a volatile last week. The S&P BSE Sensex reclaimed the psychologically important 28,000 mark. The beginning of three-day GST council meet on Tuesday, 18 October 2016, to finalise the tax rate triggered positivity, which in turn resulted in short covering across the board during the course of the week. Last week, the Sensex rose 403.58 points or 1.46% to settle at 28,077.18. The Nifty 50 index rose 109.65 points or 1.28% to settle at 8,693.05. The BSE Mid-Cap index rose 182.76 points or 1.36% to settle at 13,602.38. The BSE Small-Cap index rose 255.45 points or 1.94% to settle at 13,432.21, outperforming the Sensex.

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The Indian equity market started the week on a cautious note and closed lower on weak global cues and a weak rupee dampened the sentiments. The Sensex hit a 14-week low, while the Nifty hit its lowest level in more than 10 weeks. Heavy selling pressure was witnessed in Auto, Telecom, Industrial, Realty and Pharma stocks. Only Banking index managed to close in green. Nonetheless, the Indian equity market changed its tide and registered robust gains very next day on back of short covering and bargain hunting and this lifted the sentiments of market and closes with gains of 1.28% by the close of the week. The first rounds of earnings were out. Performance wise Financials have done well, IT has been mixed and Cement has been muted. Yes Bank’s second quarter performance surpassed analysts’ expectation with the profit rising 31.3% YoY. ACC misses estimates as profits dampen 29% and Ultratech Cement profitability improved in the September quarter but slower than expected cement growth surprised investors.

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Key benchmark indices dropped last week weighed by weak global cues. The S&P BSE Sensex, dropped below the psychologically important 28,000 level during the week. The Sensex fell 387.54 points or 1.38% to settle at 27,673.60. The Nifty 50 index fell 114.20 points or 1.31% to settle at 8,583.40. The BSE Mid-Cap index lost 123 points or 0.91% to settle at 13,419.62. The BSE Small-Cap index fell 45.64 points or 0.35% to settle at 13,176.76. Two major events triggered the sell-off in the markets. Chinese exports tumbled 10% (year-on-year) in September against market expectations of a 3.3 per cent fall. The fall in exports — the most since February — has raised concerns on the slowing global demand and thus, on the overall growth outlook.The minutes of the US Federal Reserve’s September meeting released on Wednesday offered little respite for markets. It pointed to a likely rate hike by the end of the year with several members indicating that ‘it would be appropriate to increase the target range for the federal funds rate relatively soon if economic developments unfolded about as the Committee expected’.

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