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On Wednesday, 2014 stocks advanced, 1616 declined and 153 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 1.25 indicating a positive closing of stocks in broader markets. As Global markets await the outcome of the central bankers meeting at Jackson Hole set for Friday they have refrained from making significant moves. The likelihood of a further rate hike in the US and the ensuing increase in bond yields are expected to keep market volatility high as the earnings season draws to a close.

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