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Monday, February 23, 2015

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INDIAN BENCHMARKS fall for second straight session; blue chips drag

INDIAN EQUITY BENCHMARKS   fell for the second straight session on Monday, dragged down by heavyweights such as Reliance Industries and financial stocks, as caution prevailed ahead of the federal budget due on Feb 28. The S&P BSE Sensex and CNX Nifty ended 0.88%-0.89% lower each.
Tata Power inks MoU with Siberian Coal Energy
Lupin: USFDA issues adverse observation report
DLF drops 3% on stake sale reports

The crucial resistance for Nifty is now seen at 8835 and above this 8895. Support for the immediate term is now placed at 8695 and next support will be 8615.

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