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Key benchmark indices edged lower as investors pocketed some cash on profit booking after the recent surge helped Nifty hit record closing high on the last session of previous week. Key indices fell in three out of five sessions of the week.

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The market declined last week, reflecting the cautious mood in global equities, ahead of the eagerly awaited commentary from US Federal Reserve on how aggressively it plans to raise rates. However, the Federal Reserve Chair Janet Yellen did not give any firm indications of raising interest rates in the immediate future. But she said that improvements in the labor market and expectations for solid economic growth had strengthened the case for a rate hike that would be undertaken gradually. But

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