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Monday, August 31, 2015

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INDIAN BENCHMARKS end lower, post biggest monthly drop since Nov 2011
INDIAN EQUITY BENCHMARKS shares ended nearly 0.5 percent lower on Monday as concerns about a deficient monsoon and weak rupee curtailed optimism around likely strong GDP data due later in the day. The S&P BSE Sensex and CNX Nifty ended 0.41%-0.38% lower each.
Headlines for the day:
L&T wins water supply project worth Rs1489 crore
UltraTech to hike capacity to 71 mt by this fiscal
Annual report analysis; maintain Buy with a revised Price Target
The crucial resistance for Nifty is now seen at 8219 and above this 8154. Support for the immediate term is now placed at 7948 and next support will be 7785.

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