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from India Insight:

Markets this week: Sensex gains 3 percent, Tata Motors surges 10 percent

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The BSE Sensex rose 3 percent during the week, ending in the green for four of the five trading sessions. Improved guidance from Infosys, hopes of a U.S. deal to avoid a default on its debt and the RBI's decision to cut a key overnight interest rate helped sentiment.

Data released on Thursday showed India's trade deficit narrowed to a two-and-a-half-year low in September, raising hopes for a significant reduction in the country's current account deficit.

The rupee ended at 61.07/08 per dollar, helped by good dollar sales by corporates and as emerging currencies rose with risk sentiment improving.

Here are the top gainers and losers of the week:

GAINERS

TATA MOTORS: Shares in India’s largest automaker by revenue rose 10.12 percent this week, ensuring its place as the top Sensex gainer. Tata Motors surged to a life high of 389.50 after its unit Jaguar Land Rover said in a statement that its September retail sales were up 17 percent.

from India Insight:

Markets this week: Sensex gains 2.7 percent, Maruti surges 11 percent

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By Ankush Arora and Sankalp Phartiyal

The BSE Sensex rose 2.7 percent in the week ending September 20, as foreign inflows and the U.S. Federal Reserve's surprise decision to continue with its bond-buying programme boosted market sentiment.

The benchmark index, which is now up 9 percent in September and has gained for four consecutive weeks, touched its highest level since November 2010 on Thursday after the Fed’s surprising move. Analysts said the U.S. central bank's decision could lead to a resurgence of portfolio flows into emerging markets such as India.

from India Insight:

Zee News editors arrested in Jindal extortion case

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(Updated with response by Zee News)

Two senior journalists of Hindi-language channel Zee News were arrested on Tuesday night in an extortion case filed by Congress lawmaker and Jindal Steel and Power Ltd Chairman Naveen Jindal.

Jindal released video recordings last month that he said showed the journalists trying to extort money from the industrialist in return for not airing negative stories on coal block allocations involving his company.

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