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Yet-to-be-declared US Fed Policy and expiry of January derivatives contracts keep Indian markets subdued

| | Jan 27, 2016, at 10:42 pm
Mumbai, Jan 27 (IBNS): The Indian stock market ended flat on Wednesday as it remained cautious about the outcome of the US Federal Reserve Policy and avoided risks ahead of the expiry of January derivatives contracts on Thursday.

With crude oil prices nearing the $30 a barrel amid data showing Chinese industrial firms' profits fell for a seventh straight month in December also kept the Indian equity amrket subdued.

According to media reports, global indices are thinking if US Federal Reserve will hike interest rates.

As markets closed on Wednesday, the BSE Sensex was at 24,492.39, up by 6.44 points while the NSE Nifty was at 7,437.75, up by 1.6 points.

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