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Friday, February 6, 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  fell , marking its biggest weekly loss in eight, as blue-chips such as Tata Motors slumped on weak earnings and on worries the Modi-led Bharatiya Janata Party may face defeat in the upcoming Delhi state elections. The S&P BSE Sensex and CNX Nifty ended 0.58%-0.46% lower each.
Tata Chemicals Q3 consolidated net profit at Rs238 cr (YoY)
Dena Bank Q3 net profit surges 13% (YoY)
Balrampur Chini reports Q3 net loss at Rs66 crore (YoY)

The crucial resistance for Nifty is now seen at 8855 and above this 8915. Support for the immediate term is now placed at 8705 and next support will be 8665.

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