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Tuesday, April 7, 2015

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INDIAN BENCHMARKS erase earlier losses, end flat on metal firms

INDIAN EQUITY BENCHMARKS  ended flat on Tuesday, rebounding from earlier losses on the back of a late rally in metals and mining stocks such as Jindal Steel and Power Ltd that had lagged the index in recent weeks. The S&P BSE Sensex and CNX Nifty ended 0.04%-0.17% higher each.                       
RBI Keeps Repo Rate Unchanged at 7.5%
Auto sales in March 2015: Weak passenger vehicle sales
HCC opens share sale to QIPs at Rs30.98 apiece

The crucial resistance for Nifty is now seen at 8735 and above this 8775. Support for the immediate term is now placed at 8605 and next support will be 8565.

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