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Tuesday, September 30, 2014

Equity Tips
INDIAN BENCHMARKS edge higher… earnings key after RBI policy

INDIAN EQUITY BENCHMARKS ended flat shrugging off Reserve Bank of India's neutral stance on key policy rates.

Muthoot Finance Ltd has declared its first Interim Dividend for the year 2014-15 at the rate of Rs. 4 per equity share.

Further, Auto shares were under pressure ahead of the release of September sales numbers from tomorrow. Tata Motors, M&M, Hero Moto Corp ended down 0.8-1.6% each.

The crucial resistance for Nifty is now seen at 8030 and above this 8045. Support for the immediate term is now placed at 7920 and next support will be 7840.

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