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Friday, December 26, 2014

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INDIAN BENCHMARKS closed with volatile trading week on a flat note led by unsupportive domestic cues and global turmoil. Markets slumped in the first three trading sessions of the week as prospects of higher interest rates in the United States and a sharp fall in global crude oil prices weighed on sentiment. 

The worries and concerns have not really vanished but sentiment got a boost late in the week from the Fed which seems upbeat of the US economy.   

The INDIAN BENCHMARKS SENSEX ended 0.1 percent higher at 27371 and the 50-share NIFTY ended 0.1 percent up at 8225.

GLOBAL MARKET CHASE

ASIAN STOCKS higher for a second day on investor confidence continued to be bolstered by expectations the U.S. is in no rush to raise interest rates. 

U.S. STOCKS finished a three-day rally on investors continued to applaud the Federal Reserve's commitment to be patient when deciding when to hike interest rates.

EUROPEAN STOCKS were higher on supported by the release of strong German consumer climate data and after the Federal Reserve said it would be "patient" before raising rates. 
 
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