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Friday, 30 January 2015

INDIAN EQUITY MARKET WRAPUP -30 JAN 2015


Nifty tips, CNX nifty, BSE, sensex, equity intraday tips, stock cash intraday, stock trading tips

INDIAN BENCHMARKS fall 1.6 pct; banks, Coal India slump
INDIAN EQUITY BENCHMARKS slumped after earlier hitting their seventh record high in the past eight sessions as lenders slumped after Bank of Baroda reported a big fall in earnings, while Coal India fell further on the government's stake sale.. The S&P BSE Sensex and CNX Nifty ended 1.68%-1.60% lower each.
                                                                                                                                    
·HCL Tech surges as Q2 nos beat the street on all counts.
·BOB Q3 net profit plunges; Asset Quality Worsens.
·Andhra Bank reports strong Q3 earnings.
·ICICI Bank Q3 disappoints; Asset quality worsens.
·Dabur India Q3 consolidated net profit up 16% (YoY).

The crucial resistance for Nifty is now seen at 8950 and above this 9015. Support for the immediate term is now placed at 8785 and next support will be 8705.

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