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Friday, September 19, 2014

Equity Tips
INDIAN BENCHMARKS end flat… Sensex holds 27000

INDIAN EQUITY BENCHMARKS closed with gains for third day in a row, hitting the highest in 1-1/2 weeks, as cash-rich exporters like TCS surged on hopes of being better placed to weather any Fed-related volatility.

Biocon rose 1.36%, after the company said it sold a 10% stake in its research services arm, Syngene International, to Silver Leaf Oak (Mauritius) for Rs380 crore.

Further, Idea Cellular rose 3.06%, after index provider FTSE reportedly raised the weightage of the stock in its indexes.

The crucial resistance for Nifty is now seen at 8160 and above this 8180. Support for the immediate term is now placed at 8105 and next support will be 8015.

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