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Wednesday, March 26, 2014

INDIAN BENCHMARKS ends higher ahead of F&O expiry.
INDIAN BENCHMARKS closing highs with the hope rally continuing on following strong rupee and firm global cues amidst robust foreign fund inflows.   
Further, Ambuja Cements rose 1.83% after the company said that High Courts of Gujarat and New Delhi have approved the scheme of amalgamation of Holcim India with the company. Arvind   rallied over 5% on news that they will now be the Indian partner for US-based Phillips-Van Heusen Corporation (PVH) by buying 49 percent stake in Premium Garments Wholesale Tradingfor Rs 100 crore. The crucial resistance for Nifty is now seen at 6630 and above this 6650. Support for the immediate term is now placed at 6540 and next support will be 6500.


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