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 After Nifty hit an all-time high of 22,297 in early trade, weakness in banking stocks weighed on the benchmark as it closed at 22,212. Sensex also closed flat at 73,142, while broader indices Nifty Midcap 100 and Nifty Smallcap 100 gained 0.3 percent each.

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Aluminium Dropped As China’s Aluminium Output In January Up By 4.2% Yoy.

Aluminium prices faced a decline of -1.34%, settling at 198.75, influenced by China’s robust aluminium output in January. The country’s aluminium production reached 3.562 million metric tons, marking a 4.2% year-on-year increase.

Despite a flat month-on-month daily average aluminium output at 114,900 metric tons, the operating rate of domestic aluminium primary processing enterprises experienced a slight decline. 

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Asia FX weak, dollar steady after hawkish Fedspeak, strong labor data.

Most Asian currencies fell on Friday, while the dollar steadied from recent losses as hawkish signals from the Federal Reserve and strong U.S. labor data cast more doubts over early U.S. rate cuts.

The dollar index and dollar index futures both moved little in Asian trade, and were set for mild weekly losses, as they fell from three-month highs earlier in the week.

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