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Jan 24, 2014
via India Insight

Markets this week: Sensex up marginally, Axis Bank gains 4.7 percent

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After registering record closing highs, the BSE Sensex ended with small weekly gains as the index fell sharply on Friday after the RBI governor’s strong comments on inflation dented sentiment.

Raghuram Rajan called inflation a “destructive disease” on Thursday. Earlier in the week, a panel recommended that the RBI should make managing inflation its main policy objective and set monetary policy by committee.

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      "I logged onto Reuters in October 2010, after a 2-1/2-year stint at NDTV. As an online producer, I manage the business content for the Reuters India website, which includes real-time stock market updates on Market Jockey. I write on politics & business and like to travel with my camera in my free time."
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