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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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The market edged higher last week, backed by positive global cues. The Sensex crossed the psychologically important 27,000 level. Last week , the Sensex rose 478.83 points or 1.79% to settle at 27,238.06. The Nifty rose 156.55 points or 1.90% to settle at 8,400.35. The BSE Mid-Cap index gained 317.31 points or 2.58% to settle at 12,639.03. The BSE Small-Cap index 249.52 points or 2.01% to settle at 12,689.85. India's industrial production surged at 13-months high pace of 5.7% in November 2016 over November 2015, snapping 1.8% fall recorded in October 2016. The manufacturing sector's production jumped 5.5%, while mining output rebounded 3.9% after three months of decline, contributing to the increase in industrial production. The data was released by the government on Thursday, 12 January 2017. The all-India monthly inflation based on the consumer price index (CPI) dipped to 25-months low of 3.41% in December 2016, compared with 3.63% in November 2016.

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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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