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Friday, March 14, 2014

INDIAN FACE 
   

INDIAN EQUITY BENCHMARK staged a smart recovery from day lows, in late trades, to close the week in green. The closing hour gains were led by index heavyweights and short covering in financial shares. 
 
Further, the wholesale price index (WPI), long regarded as India's main inflation measure, rose 4.68% last month. 
 
The Supreme Court on Friday issued a notice the government and Ranbaxy on a public-interest litigation seeking a CBI probe against the company for allegedly supplying adulterated drugs in the country. 
 
 GLOBAL FACE 
 
Asian stock market lower as evidence China's economy is slowing sharply and rising tensions in the Ukraine fuel jitters. 
 
European stocks market broadly lower, as renewed concerns over tensions between Ukraine and Russia dampened market sentiment, while worries over the economic outlook in China also continued to weigh. 
 
U.S. stocks markets falling in a selloff intensified by weak Chinese industrial and production data Tensions in Ukraine continued to escalate.

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