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INDIAN EQUITY MARKET WRAP UP-17 Mar 2015

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INDIAN BENCHMARKS rise over 1 pct tracking firm global peers ahead of Fed

INDIAN EQUITY BENCHMARKS rose over 1 percent marking its biggest daily gain in nearly 2-1/2 weeks, tracking higher global shares on hopes weak economic data would prompt the U.S. Federal Reserve to leave options open on the timing of an interest rate hike. The S&P BSE Sensex and CNX Nifty ended 1.05%-1.04% higher each.
                               
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The crucial resistance for Nifty is now seen at 8770 and above this 8825. Support for the immediate term is now placed at 8640 and next support will be 8570.

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