INDIAN EQUITY BENCHMARKS rose on Wednesday, ending a record-setting year with hopes that the momentum would sustain in 2015 should the government announce additional economic reforms and the central bank start cutting interest rates. The S&P BSE Se nsex and CNX Nifty ended 0.35%-0.42% higher each.
·Bajaj Corp gains on shareholders’ approval to raise FII limit
·Wockhardt falls on voluntarily recalling
·Stock Update: Growth outlook remains strong
The crucial resistance for Nifty is now seen at 8375 and above this 8485. Support for the immediate term is now placed at 8280 and next support will be 8215.
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