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Monday, September 22, 2014

Equity Tips
INDIAN BENCHMARKS edges higher for fourth straight session

INDIAN EQUITY BENCHMARKS rose fourth consecutive session of gains, led by blue-chips that have under-performed recently, such as Tata Motors and Oil and Natural Gas Corp.

Punjab National Bank board has enabled resolution to raise capital via QIP/FPO/rights issue through a stock split of shares from face value Rs 10 per share to Rs 2 per share in order to bring in retail investors.

Further, Suven Life Sciences was up 2% after the board at its meeting held earlier today approved raising of funds up to $100 million.

The crucial resistance for Nifty is now seen at 8160 and above this 8180. Support for the immediate term is now placed at 8065 and next support will be 8015.

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