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Thursday 29 January 2015

INDIAN EQUITY MARKET WRAPUP- 29 JAN 2015


BSE, sensex, CNX nifty, stock cash intraday, equity intraday tips, share tips, stock tradaing tipsINDIAN BENCHMARKS higher; NSE posts 10 straight sessions of gains
INDIAN EQUITY BENCHMARKS gained 0.4 percent, rising for a tenth consecutive session, its longest winning streak since September 2007, as shares of capital goods firms rose ahead of the fiscal budget next month and oil retailers benefited from a slump in crude prices. The S&P BSE Sensex and CNX Nifty ended 0.41%-0.43% higher each.

·OBC Q3 disappoints; Asset Quality Worsens

·Asian Paints Q3 below estimates; Consolidated net profit at Rs368 cr

·Dr Reddys Lab consolidated Q3 net profit at Rs575 crore

·HDFC Q3 Profits In-Line with Estimates

·Sesa Sterlite Q3 consolidated net profit down 15% (YoY)

The crucial resistance for Nifty is now seen at 8995 and above this 9050. Support for the immediate term is now placed at 8835 and next support will be 8755.

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