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Thursday, 24 September 2015

INDIAN EQUITY MARKET WRAP UP- 24 SEP 2015

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INDIAN BENCHMARKS edge up; post first weekly loss in three
                                                                   
INDIAN EQUITY BENCHMARKS ended slightly higher as derivatives expiry, a long weekend and the central bank's credit policy meeting next week deterred investors from building large positions. The S&P BSE Sensex and CNX Nifty ended 0.16% and 0.29% higher each.

Headlines for the day:
RBI to ease ECB norms, Firms may get access to pension funds
Ashoka Buildcon gets LoA for road project on EPC basis
HCL Tech launches a Digital Service Exchange platform

The crucial resistance for Nifty is now seen at 7935 and above this 7975. Support for the immediate term is now placed at 7850 and next support will be 7805.

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