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Monday, September 29, 2014

Equity Tips
INDIAN BENCHMARKS edge lower on caution ahead of RBI policy review tomorrow

INDIAN EQUITY BENCHMARKS ended tad lower, amid a volatile trading session, with financials leading the decline ahead of the RBI monetary policy review tomorrow.

Shares of Strides Arcolab jumped 9 percent after board approved its merger with Shasun Pharmaceuticals.

Further, SBI ended tad higher after international rating firm Standard and Poor's  upgraded its outlook to 'stable' from 'negative'.

The crucial resistance for Nifty is now seen at 8020 and above this 8040. Support for the immediate term is now placed at 7840 and next support will be 7775.

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