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Thursday, November 28, 2013


INDIAN EQUITY BENCHMARK rose on Thursday, recovering 
from two sessions of falls as Power Grid Corp and other blue 
chips recouped recent losses, Traders said the expiry of 
monthly derivatives at the end of the session sparked less 
volatility than usual, with broader sentiment also helping as 
global shares rose towards six-year highs after a raft of 
positive U.S. economic data.

Further, State-run Power Grid Corp of India Ltd ended up 2.8 
% after being among the leading losers ahead of a share sale 
that is part of the government's disinvestment programme.

While Dr. Reddy's gained after a rival received an import ban 
on a key competing drug from U.S. regulators.


Asian stock markets were broadly higher, with shares in Japan 
rallying to the highest level since May as traders continued to 
monitor movements in the currency market.

European stocks remained higher, despite disappointing 
German data as markets continued to watch political 
developments in Germany and Italy.

U.S. stocks rose after consumer sentiment data beat 
expectations, while better-than-expected earnings from 
Hewlett-Packard fueled the rally by boosting hopes for a 
robust holiday shopping season..

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