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Tuesday, August 19, 2014

INDIAN BENCHMARKS pare gains but end at record highs

INDIAN EQUITY BENCHMARKS record closing high with the Nifty hitting 7900 level, maintaining upward move for the sixth consecutive session supported by positive global cues and easing geo-political tensions.

Shares of Sesa Sterlite gained by 1.2% after the Goa government decided to follow the order of the Goa bench of the Bombay High Court to renew mining leases.

Further, Apollo Hospitals planning to raise Rs 2500crore, largely to fund its capex over FY2015-18.

The crucial resistance for Nifty is now seen at 7920 and above this 7945. Support for the immediate term is now placed at 7880 and next support will be 7780.

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