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The domestic markets have been in a consolidation mode for the past few weeks as the calendar year draws to a close.

The markets are anticipated to stay volatile in coming week as December 2007 derivatives contracts expire on Thursday.

The next trigger for the markets might be the results of the Gujarat elections, the counting for which begins on Sunday.

Ranbaxy’s open offer to shareholders of Zenotech Laboratories, at Rs 160 per share, opens from December 24 and closes on January 15, 2008.

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