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Tuesday, February 24, 2015

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INDIAN BENCHMARKS edged higher; defensive stocks up

INDIAN EQUITY BENCHMARKS  edged higher as investors churn portfolio in favor of defensive stocks such as ITC Ltd on caution ahead of an event-heavy week. The S&P BSE Sensex and CNX Nifty ended 0.10%-0.08% higher each.
HOEC soars on stake buy reports
Rail shares plunge ahead of Budget 2015
Indian hotel industry revenues to grow by 9-11% in FY2016

The crucial resistance for Nifty is now seen at 8845 and above this 8895. Support for the immediate term is now placed at 8695 and next support will be 8615.

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