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Key benchmark indices hit record high with the BSE Sensex conquering the psychologically significant 32,000-level as a drop in June retail inflation data sparked hopes of a rate cut by the RBI. Global stock markets also provided some tailwind after US Federal Reserve chair Janet Yellen, in a House testimony, signalled that the approach to higher rates will be steady, prompting investors to buy more in risky emerging markets.

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After logging gains in prior five weeks, key benchmark indices took a breather last week as investors resorted to profit booking. On the macro data front, the Central Statistical Office (CSO) on Tuesday reported that GDP expanded by 7% in the third quarter, surprising market participants. Subsequently, the benchmark indices rose to record 52-week highs. However, profit-booking started thereafter, that kept indices on a leash. Last week, the Sensex fell 60.52 or 0.21% to settle at 28,832.45. The Nifty 50 index fell 41.95 points or 0.47% to settle at 8,897.55. The BSE Mid-Cap index fell 123.07 points or 0.91% to settle at 13,409.04. The BSE Small-Cap index gained 32.39 points or 0.24% to settle at 13,620.17. Domestic and global macroeconomic data, trend in global markets, investment by FPIs and DIIs, the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses in week ahead.

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Key benchmark indices clocked decent gains in a truncated last week as record hitting streak on Wall Street helped the upmove. A surge in index heavyweight Reliance Industries (RIL) and positive global stocks during the week also supported gains on the bourses. The Sensex moved above the psychological 29,000 mark in intraday trade on 23 February 2017. The Sensex gained 424.22 points or 1.49% to settle at 28,892.97. The Nifty 50 index rose 117.80 points or 1.33% to end at 8,939.50. The BSE Mid-Cap index rose 0.81%. The BSE Small-Cap index gained 0.89%Macroeconomic data, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses in week ahead.

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Key benchmark indices advanced last week as investors gave thumbs-up to FM Arun Jaitley's Union Budget 2017-18 which focused on stimulating growth. Last week, the Sensex rose 358.06 points or 1.28% to settle at 28,240.52. The Nifty 50 index rose 99.70 points or 1.15% to settle at 8,740.95. The BSE Mid-Cap index gained 320.68 points or 2.47% to settle at 13,285.41. The BSE Small-Cap index gained 309.98 points or 2.36% to settle at 13,422.10. After four months of selling frenzy, overseas investors turned net buyers in February and pumped in over Rs 2,300 cr. over the last three sessions, enthused by clarity on FPI taxation. The latest inflow followed a net pull-out of Rs 80,310 crore from equity and debt together in the past four months (October-January). Global central banks largely maintained status quo in their monetary policies with the US Federal Reserve, Bank of Japan and Bank of England keeping rates unchanged.

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Indian equity benchmark indices the S&P BSE Sensex and the Nifty 50 closed last on a sour note. The slide on the last trading session of the week is attributable to the caution ahead of US President-elect Donald Trump's inauguration later in the global day on Friday, 20 January 2017. Markets across the globe await a clear cut direction from Trump on US' economic policies. The Sensex lost 203.56 points or 0.74% to settle at 27,034.50. The Nifty declined 51 points or 0.6% to settle at 8,349.35.In the broader market, the BSE Mid-Cap index shed 0.43%, while the BSE Small-Cap index bucked the market trend by advancing 0.56% during the week. Positives such as the GST Council breaking deadlock over issues of administrative control over assesses, and broadly agreeing to rollout the GST from July 1 and the tax relief for foreign portfolio investors (FPIs) played a small role in supporting the indices.

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Key benchmark indices logged small gains in first week of calendar year 2017. Key indices edged lower in three out of five trading sessions during the week. Gains were triggered as buying of equities by domestic institutional investors outpaced selling by foreign portfolio investors. The S&P BSE Small and Mid-Cap indices outperformed the Sensex during the week. Last week, the Sensex rose 132.77 points or 0.5% to settle at 26,759.23.

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Indian equity markets registered strong gains last week, inline with the sentiments in global markets. The Sensex surged 516.52 points or 1.96% to settle at 26,747.18. The Nifty jumped 174.95 points or 2.16% to settle at 8,261.75. The BSE Mid-Cap index rose 2.75%. The BSE Small-Cap index advanced 1.96%, matching the Sensex's gains in percentage terms.Overseas, the key US stock market indices repeatedly surpassed their own record levels during the week amid hopes that the Trump administration will usher in tax cuts, deregulation and fiscal stimulus.

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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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