INDIAN BENCHMARKS WEEKAHEAD-Bonds await borrowing calendar, stocks seen volatile on derivatives
INDIAN EQUITY BENCHMARKS for a third consecutive session to a near 1-1/2 month closing low as blue-chips such as ICICI Bank declined on worries that stocks have gone ahead of underlying anaemic earnings growth. The S&P BSE Sensex and CNX Nifty ended 0.73%-0.74% lower each.
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The crucial resistance for Nifty is now seen at 8685 and above this 8755. Support for the immediate term is now placed at 8550 and next support will be 8495.
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