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Global markets witnessed sharp volatility during the week gone by. Stock markets in Brazil (down 2.8%) and US (down 2.2%), were the leading losers. While, Hongkong and Singapore stock indices were among the leading gainers, registering weekly gains of 3.6% and 2.5% respectively. The outcome of a monthly survey showing that August saw a solid rebound in the rate of expansion in Indian service sector business activity also aided sentiment. The Sensex settled below the psychologically important 29,000 mark after early surge helped regain that mark during the week. Indices cut gains on profit taking as the week progressed. The S&P BSE Sensex, rose 265.14 points or 0.92% to settle at 28,797.25. The Nifty gained 57.05 points or 0.64% to settle at 8,866.70. The BSE Mid-Cap index rose 0.86%, and the BSE Small-Cap index gained 1.71%

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