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Thursday, February 5, 2015

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INDIAN BENCHMARKS rose on value buying in blue-chips after closing at their lowest in two weeks in the previous session

INDIAN EQUITY BENCHMARKS continued their retreat from record highs hit last week for a fifth session on Thursday to mark their lowest close in two weeks as volatility hovered Mint Street on profit booking. The S&P BSE Sensex and CNX Nifty ended 0.11%-0.14% lower each.
                               
IOB reports weak Q3 results
UCO Bank Q3 Asset Quality Worsens
IRB Infra Q3 earnings In-Line with estimates
Jubilant Foods Q3 earnings In-Line; Net Profit up 4% (YoY)

Results for February 06, 2015:
Apollo Tyres, Tata Chemicals, Tata Steel, Finolex Industries, Balrampur Chini, IDBI Bank, Dena Bank, Jet Airways, NMDC, GAIL (India), GMDC, Sun TV Network.

The crucial resistance for Nifty is now seen at 8855 and above this 8905. Support for the immediate term is now placed at 8705 and next support will be 8665.

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