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Thursday, December 18, 2014

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INDIAN BENCHMARKS rose 1.6 pct on global rally, tax reform-led short-covering

INDIAN EQUITY BENCHMARKS rose over 1.5% on Thursday to snap their 5-day selling streak as blue chips such as ICICI Bank surged after a global rally and the cabinet's nod to a nationwide sales tax bill led to unwinding of short positions. The S&P BSE Sensex and CNX Nifty ended 1.56%-1.61% higher each.

Jain Irrigation’s food processing grows by 15%,IT sector: Oracle’s overall earnings beat expectations,India's sugar production rises by 47% till December 15

The crucial resistance for Nifty is now seen at 8200 and above this 8275. Support for the immediate term is now placed at 8095 and next support will be 8020.

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