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Friday, May 15, 2015

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INDIAN BENCHMARKS mark 2nd weekly gain after govt defends reforms
                                                                 
INDIAN EQUITY BENCHMARKS  rose on Friday, marking their second weekly gain, led by lenders such as State Bank of India after the government defended its reforms approach and on continued hopes the central bank would lower interest rates in June. The S&P BSE Sensex and CNX Nifty ended 0.43-0.46% higher each.                  
                                                           
Headlines for the day:
Dena Bank Q4 net profit down 70% (YoY); Asset Quality Stabilises
ITNL Q4FY2015: Higher interest expense dents earnings
HDIL Q4 consolidated net profit at Rs32 cr (YoY)

The crucial resistance for Nifty is now seen at 8325 and above this 8375 . Support for the immediate term is now placed at 8175 and next support will be 8125.

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