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MAJOR INDEX PERFORMANCE

Most Market remains positive as expected after FED announcement .Which, paused on interest rate and give a dovish view on QE reversal.

India and Brazil gained most in last one month. In yearly basis, most economy is on double digit decline. However, since last month the momentum shifted upward with nearly about 5% . US and EURO area data are encouraging . China’s growth estimation beats the streets,which added confidence to investors. Mostly buy in decline in all major indexes )

Alok Samantaray
MD, Ray Research & Consulting Pvt Ltd

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