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Tuesday, September 23, 2014

Equity Tips
INDIAN BENCHMARKS crack in last session, see worst fall

INDIAN EQUITY BENCHMARKS recorded their single-largest fall since August 1 after weaker-than-expected business activity in the euro zone and a survey which showed rise in unemployment levels in China raised concerns that global economic growth is still struggling.

Shares of India Cements ended lower by 7% after company propose to demerge the said CSK Division to a wholly-owned subsidiary of the Company.

Further, DLF slips over 6.51%, after BNP Paribas downgrades the stock to 'Reduce' from 'Hold'.

The crucial resistance for Nifty is now seen at 8160 and above this 8180. Support for the immediate term is now placed at 8000 and next support will be 7950.

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