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Monday, September 1, 2014

INDIAN BENCHMARKS surges…Nifty past 8,000 to record high

INDIAN EQUITY BENCHMARKS surged with nifty past the psychologically important 8,000 level for the first time gained after better-than-expected quarterly GDP data.

Voltas gained 2 percent as Bank of America Merrill Lynch reiterates buy rating on the stock with an increased target price of Rs 305 per share.

Further, Bharti Airtel climbed 1.7 percent after Airtel Network Kenya has acquired 2.7 million subscribers of Essar telecommunications Kenya.

The crucial resistance for Nifty is now seen at 8035 and above this 8070. Support for the immediate term is now placed at 7980 and next support will be 7920.

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