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Monday, 17 November 2014

Live: Japanese recession weighs on Indian, global stocks

1:00pm: Indian markets are trading marginally lower, tracking cues from their Asian peers, after it emerged Japan had plunged into a recession following two straight quarterly declines in GDP.

At the time of writing, the BSE Sensex has down 0.22 percent, or 62 points, to 27,985 points while the NSE Nifty is off 0.27 percent, or 22.5 points, to 8,368.

In Asia, the Nikkei closed about 3 percent down, while the Hang Seng and Shanghai Composite lost 1 percent and 0.2 percent in late trading. We wrap up this update with a Marketwatch piece on the global bull market under way since 2009, that reads thus:

The long rally has done wonders for my portfolio’s value. But it also means stocks are now more richly valued—and expected returns are lower. Unless you never again plan to add to your stock portfolio, you should have mixed feelings about the market’s heady gains.”

 Read why Jonathan Clements believes US stocks need to fall 25 percent from here. More information please visit this site

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