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Sensex Closes Week On A Flat Note


The 30-share index BSE Sensex closed the volatile session on a flat note on Thursday.


Buying was seen across Teck, IT and banking shares, whereas healthcare, auto and consumer durables remained under heavy pressure.


The index belled the day positively after gaining 59.36 points at 17,186.20 following subdued worldwide signals. Later, it lost its sheen amid volatility on account of passive indications from global markets prior to long week end. At last it marked its closure on a flat note, sustaining 17,000 mark.


The BSE Midcap index declined 0.35% while Smallcap index dropped 0.04%.

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Bulls on rampage again


Mushrooming inflows from foreign institutional investors (FIIs) and a strong results expectation for the second quarter helped the Sensex to continue on the upswing as it breached the 17,000 mark after 16 months on Wednesday.


The Sensex rose 1.6 per cent or 274 points to close at 17,127, while the more broadbased NSE Nifty rose 1.5 per cent or 77 points to close at 5,084.


Riding the momentum, the initial public offering (IPO) of Oil India Ltd saw a strong listing after a dismal performance of other high-profile IPOs such as NHPC and Adani Power.

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Wall Street retreats on manufacturing, labour reports


New York - US stocks tumbled Thursday after a higher-than- expected weekly unemployment report and a drop in a key gauge of manufacturing.


The benchmark indexes opened lower following a report that the number of Americans filing first-time claims for unemployment benefits increased by 17,000 to 551,000 last week.


The retreat continued after the Institute for Supply Management said its manufacturing index - a private barometer of business activity - dropped to 52.6 in September from 52.9 in August.

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Tokyo stocks fall 2.4 per cent in morning trading


Tokyo - Japanese stocks slumped in Friday morning trading as the yen further strengthened against the dollar.

The Nikkei 225 Stock Average lost 245.22 points, or 2.46 per cent, to stand at 9,733.42.


The broader-based Topix index also fell 22.66 points, or 2.53 per cent, to 873.46.


A stronger yen negatively affects the competitiveness of Japanese exporters overseas.

On currency markets at 9 am (0000 GMT), the dollar traded at 89.52-55 yen, down from 89.97-99 yen in late trading Thursday.

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Truncated week sees Sensex cross 17,000 points


New Delhi, Oct 2 In a truncated trading week, the benchmark index of Indian equities markets crossed the 17,000-mark for the first time in 16 months.


In a truncated trading week, due to two public holidays Monday and Friday, the 30-share sensitive index (Sensex) ended 441.55 points, or 2.65 percent higher, at 17,134.55 points at weekly close Thursday, as opposed to the previous week's close at 16,693 points.


The Sensex rose consecutively Tuesday and Wednesday, and managed to hold on to the gains Thursday.

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