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The markets traded volatile on the expected lines and settled half a percent lower last week, citing mixed global cues and continued weakness in the rupee.
The holiday-shortened week started on a feeble note and the situation deteriorated further in the following session. However, recovery in the last two sessions pared the losses significantly as participants took note of improved macroeconomic data and rebound in the rupee.
A mixed trend was witnessed on the sectoral front while pressure remained high on the broader front. With no major event on the local front, global markets and currency movement will continue to dictate the market trend.
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