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Global cues took a backseat last week as FIIs renewed buying stocks which helped the Sensex gain 6.2 per cent in the five trading days. Starting this week investors can keep an eye on how the Asian markets react to reassuring comments from Fed Chairman Ben Bernanke on the US economy. This assumes importance as global markets are hoping for a cut in key interest rates by US Fed later this year. The Bank of England and European Monetary Union will take stock of interest rates on September 6.

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