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Tuesday, November 25, 2014

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INDIAN BENCHMARKS retreats from record high ; ITC slumps

INDIAN EQUITY BENCHMARKS  fell on Tuesday, retreating from a record high hit earlier in the session as financial firms slumped on worries parliament would delay an insurance bill, while new rules for offshore derivatives raised worries over foreign flows.

Cox & Kings raises Rs1000crore through QIP issue.Further , Dr Reddy’s launches anti-cancer injection in US.Bharti Airtel Africa enters agreement to sell its Nigeria tower

The crucial resistance for Nifty is now seen at  8545 and above this 8610. Support for the immediate term is now placed at 8410 and next support will be 8325.

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