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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 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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