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The benchmark Sensex has delivered 42 per cent return in the four years of the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA). The returns are slightly below the previous government—Congress-led United Progressive Alliance (UPA), when Sensex had gone up nearly 45 per cent. Among the seven governments, to have competed four years, this is the second-worst return. The worst returns were under the Atal Bihari Vajpayee-led NDA government, which had assumed office in October 1999. For More Market Update Click here: CapitalHeight.

    Sajjan Jindal-owned JSW Steel has signed a deal with Algeria's Cevital Group to buy Italy's second largest steel firm, Aferpi, formerly known as Lucchini, for around Rs 6 billion. Aferpi has an annual production of two million tonnes in Piombino and manufactures special steels used in railway, automobile and earth-moving vehicles, among others. JSW's senior officials reached Italy on Friday and signed an agreement document at Italy's Ministry of Economic Development. JSW Steel will present the industrial plan for Aferpi.
Oil prices held firm on Friday on strong demand, ongoing supply cuts led by producer cartel OPEC and looming U.S. sanctions against major crude exporter Iran. But markets remained below multi-year highs from the previous day as surging output from the United States is expected to offset at least some of the shortfalls. Brent crude futures were at $79.55 per barrel at 0651 GMT, up 25 cents, or 0.3 percent, from their last close. Brent broke through $80 for the first time since November 2014 on Thursday. For 2 Days Free Trial Click here: CapitalHeight

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