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Monday, December 30, 2013

INDIAN EQUITY MARKET WRAP UP


INDIAN BENCHMARKS ends down post volatile session.  Market touched its day's low in afternoon deals a Financial Stability Report by the Reserve Bank of India flagged concerns over continuing high inflation amid slowdown in growth.
Further, Idea Cellular has received shareholders' approval for increasing the investment limit for overseas investors to 49 percent. JSW Steel has moved higher after one of its promoters has acquired around 300,000 equity shares of the company through open market transaction.



The crucial resistance for Nifty is now seen at 6345 and above this 6415. Support for the immediate term is now placed at 6262 and next support will be 6230.

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