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Worldwide semiconductor revenue on track, totals $212 bn

Worldwide semiconductor revenue is on track to total $212 billion in 2009, a 17.1 per cent decline from 2008 revenue of $255 billion, according to the latest outlook by Gartner Inc, a global research and advisory body.

F&O Outlook: 4,700 level will act as strong support

The Nifty bounced back sharply after finding support around 4,600 levels and closed at 4,770 on short-covering. The Nifty November futures settled at 4,770 compared with the average trading price of 4,680 as almost 66 per cent volume changed hands at an average of 4,650. In the last two trading sessions, we have observed that the Nifty has filled the gap between the closing value and the average value on the following day and moved up. So, if this pattern continues, we may see the index moving down below 4,700 levels tomorrow.

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Citigroup Inc among biggest S&P 500 losers

Citigroup Inc, Marshall & Ilsley Corp and Huntington Bancshares Inc ended 2009 with the biggest drops in the Standard & Poor’s 500 Index, weighed down by defaulting property loans that may add to their declines this year.

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US markets end flat

US markets ended flat on Tuesday. The Dow dropped two points to 10,545 while the Nasdaq slipped three points to 2,288. - Fortis gains on Rs 250cr investment plans - Gammon India slumps on Kota mishap - UTV, Sun erase gains, end flat - Markets near day"s high - Lacklustre trade continues - Sensex lacklustre; Sun Pharma down 2% Indian ADRs were also flat. Among them, Patni Computers surged 2% to $20.54. However, Dr Reddy"s shed 3.5% at $24.37. HDFC Bank, Wipro and Sterlite were down around 1% each.