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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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