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What is Indian Market Update: January 16, 2013 about?

- Indian equity markets were up slightly, with the Nifty gaining 32.55 points to close at 6,056.60 and the Sensex rising 80.41 points to close at 19,986.82. European markets were mostly higher. - Key news included Axis Bank reporting a 22% rise in Q3 net profit to Rs. 1,347 crore and Maruti increasing car prices by up to Rs. 20,000. - The markets edged higher after the government deferred the implementation of GAAR tax rules by two years. The Sensex rose 83.67 points to close at 19,990.08 while the Nifty g

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