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Indian market started trading for the truncated week on a negative note and thereafter, it traded cautiously with high volatility ahead of the GST rollout. Nifty ended the week on a negative note for the third consecutive week to shut shop in red by 0.56% on a weekly closing basis.

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After three weeks of sideways movement, Nifty ended the week with gains of over 2 per cent and closed above its important psychological mark of 9300 for the first time ever on the monthly basis. During the week gone by market started the week on positive note on Monday after the market’s favoured candidate won through the first round of the French election, sparking a mass unwinding of safe haven trades.

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The Financial year 2016-2017 ended on a prosperous note as market registered gains of about 0.70% on weekly basis. FY16-17 the performance of Indian market was top notch and action was seen across the board and especially in the Mid and Small cap stocks.

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