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Indices fell last week after posting gains for two consecutive weeks. Last week, the Sensex fell 198.22 points or 0.69% to settle at 28,599.03. The Nifty 50 index fell 86.85 points or 0.98% to settle at 8,779.85. The BSE Mid-Cap index lost 294.81 points or 2.21% to settle at 13,051.51. The BSE Small-Cap index fell 96.52 points or 0.75% to settle at 12,764.87. Mixed signals emerged on the domestic front. Retail inflation moved lower, raising hopes of a possible rate cut next month. But sentiment remained downbeat as industrial output contracted, painting a dismal picture of the economy.Data released last Monday showed that the August consumer price index (CPI) slumped sharply to 5.05% from 6.07% in July, triggered by a sharp fall in food prices. The July index of industrial production (IIP) contracted by 2.4 per cent, compared with 1.95 per cent (revised) in June.

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