An INDIAN BENCHMARKS rose on Friday, led by stocks of domestic oriented companies including lenders on value buying and hopes a likely win for the BJP in two recent state elections would help push key reforms. The gains, however, were not enough to avert a fourth consecutive weekly fall amid one of the most volatile spells in world markets in years.
A possible recession in Europe, a floundering economy in Japan, a slowdown in China and the Ebola virus outbreak have conspired to rattle investors, triggering a level of volatility in global markets.
The INDIAN BENCHMARKS SENSEX ended 0.42 percent down at 26,108.53 and the 50-share NIFTY closed 0.41 percent down at 7779.70.
GLOBAL MARKET CHASE
ASIAN STOCKS eased with stocks in Australia continuing to rebound, after U.S. markets reversed course overnight.
U.S. STOCKS jumped up on better-than-expected earnings and on data revealing U.S. consumer sentiment made its biggest jump since July of 2007.
EUROPEAN STOCKS were higher; as euro zone inflation data fuelled expectations for fresh easing measures by the ECB and as upbeat economic reports from the U.S. supported market.
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