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Friday, August 28, 2015

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INDIAN BENCHMARKS dropped sharply on weak global cues. The market logged declines in four out of five trading sessions in the week just gone by. The barometer index, the S&P BSE Sensex, fell below the psychological 28,000 mark.

The INDIAN BENCHMARKS Sensex tumbled 701.24 points or 2.50% to settle at 27,366.07 in the week ended 21 August 2015. The 50-unit CNX Nifty lost 218.60 points or 2.57% to settle at 8,299.95.

GLOBAL MARKET CHASE

ASIAN STOCKS fell early on Friday, following Wall Street, as fears took hold of a China-led deceleration in global growth.

U.S. STOCKS futures poised for a lower opening at the Wall Street on Friday.

EUROPEAN STOCKS fell to a seven-month low on Friday, tracking a drop in Asian equity markets after a survey showed Chinese factory activity contracted at its fastest pace since 2009.

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