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Market Close Highlights : Sensex ends up 250pts, Nifty at 22,460; Cons. Durables, Auto, Realty up, IT, Pharma drag

Market Close Highlights : Global stocks eased on Friday after Federal Reserve officials hinted U.S. interest rates may not fall any time soon, while commodities rallied on the back of optimism over a series of measures in China to stabilise its beleaguered property sector.

Data on Wednesday showed cooling US consumer price inflation, prompting markets to price in at least two rate cuts this year. But the excitement soon fizzled out as the latest report showed the that U.S. labour market remains tight, while central bankers remain cautious about inflation.

Equities are still heading for a gain this week, but have retreated since the U.S. inflation figures. Oil and gold have benefited from the evidence that price pressures have not worsened, while copper is set for its best weekly performance in two months as a shortage of material for immediate delivery has sent prices soaring.