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Monday, March 24, 2014

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INDIAN BENCHMARKS end at record high… banks leads.

INDIAN EQUITY BENCHMARKS closing at fresh life time highs. The pre-election party on Dalal Street continues amid strong FII flows and all round buying in scrips across the sector saw the Nifty inch closer to the 6600 mark.
 
Further, Oil and Natural Gas Corporation is trading higher by nearly 2% at Rs 313 ahead of board meeting today to consider interim dividend for the financial year 2013-14. JP Associates is likely to sell it's stake in the Bokaro cement unit to Dalmia Cement for close to Rs 1100-1200 crore.
 
The crucial resistance for Nifty is now seen at 6600 and above this 6615. Support for the immediate term is now placed at 6500 and next support will be 6470.

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