Markets recorded significant gains in the week ended Friday on hope the Reserve Bank of India (RBI) would cut rates in the coming policy review on June 18. From an early week low of 15,749, the Sensex rallied to a high of 16,768, before ending at 16,719, a significant gain of 4.7 per cent. In the process, it also reversed its three-week losing streak. Going ahead, markets are likely to remain fairly volatile, owing to global uncertainties and the coming RBI policy review..............
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