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On Wednesday after volatility Benchmark indices closed the session mildly lower, as political turmoil in Italy and Moody’s GDP growth forecast cut weighed on market sentiment. Investors also closely monitor the movement in the rupee and crude oil prices, both of which are range-bound after recent sharp moves.

BSE Sensex’s 30-shares  slipped 43.13 points to 34,906.11 while NSE Nifty’s 50-share  managed to hold 10,600 levels, falling 18.90 points to 10,614.40.

Investors globally worried over  break-up risk of Eurozone due to political turmoil in Italy. Asian markets closed lower, tracking the overnight correction in US and European markets. China’s Shanghai Composite, Japan’s Nikkei, Hong Kong’s Hang Seng and South Korea’s Kospi ended down 1-2.5 percent.

With the Germany’s DAX rising half a percent while France’s CAC fell half a percent, European markets were mixed.
Brent crude oil futures gained half a percent at $75.78 a barrel amid worries over rising output from Russia and Saudi Arabia.

Meanwhile, Moody’s a rating agency reduced its India 2018 growth forecast to 7.3 percent from 7.5 percent but retained 2019 GDP growth estimates at 7.5 percent. “India’s transition to new GST regime could weigh on growth in the next few quarters.”

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