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Key benchmark indices almost ended on a flat note last week. RBI monetary policy review and general elections in UK were among the important events that kept investors guessing about the direction of market during the week.The Sensex fell 11.23 points or 0.03% to settle at 31,262.06.

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Nifty close 8170 points:The Nifty opened the week flat and moved higher to 8294 points but could not sustain at these levels as we had anticipated in the last week’s article. As expected the RBI maintained status quo but profit taking pared the small gains and the Nifty slumped below the 8200 mark to close 50 points (-0.62%) lower from last week.

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