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Markets up on global cues

It was another good day as the market closed at the high point of the day. Good global cues saw a smart pullback rally today. Sensex closed at 8943.54, up 186.93 points (provisional) and Nifty at 2777.25, up 58 points (provisional) from the previous close. The market breadth was positive with advances at 882 against declines of 326 on the NSE.

Taking a cue from the global markets, the domestic markets snapped their three-week losing streak on Friday and ended the week on a positive note with a 412-point rise. The 30-share benchmark index Sensex closed the week with a gain of 1.73 per cent, at 8,756.61 compared with 8,607 last Friday. "Friday's 412-point rise was basically due to the stability in the global markets. The US markets have been on the rise for the last three consecutive days and the Asian markets too were up this morning.

Asia , Europe and America all market seen in green label. hansang gain up to 450 point plus today. that’s good effect for Indian market and Indian market gain up to 2.13% plus. At the market open positive but at the hour of opening market goes to minus but good recovery after 12 pm.

Two crucial numbers were released during the week: IIP data and inflation figures. The Index for Industrial Production for January fell 0.5 per cent year-on-year. Inflation, on the other hand, hit a seven-year low at 2.43 per cent for the week ending February 28. According to Jasani, "Both these numbers are along expected lines. Inflation is expected to fall further."

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