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Friday, July 31, 2015

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INDIAN BENCHMARKS end higher; banks lead gains
INDIAN EQUITY BENCHMARKS  rose on Thursday, posting their second consecutive session of gains, backed by strong earnings of Bank of Baroda and Dr Reddy's Laboratories while continued optimism over the proposed national tax bill also helped. The BSE index ended higher 0.51 percent, while the NSE index closed up 0.56 percent.
Headlines for the day:
L&T Q1 margins below estimate; order inflows decline
ICICI Bank zooms as Q1FY16 marks healthy growth in earnings
Sun TV Q1 net profit at Rs197 crore; stock up 9%
Titan drops as weak jewellery sales dent Q1 performance
The crucial resistance for Nifty is now seen at 8675 and above this 8785. Support for the immediate term is now placed at 8465 and next support will be 8375.

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