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Wednesday, May 25, 2016

Equity Tips
INDIAN BENCHMARKS: SENSEX ENDS 575 POINTS UP, NIFTY ABOVE 7900

The market has ended at 1-month closing high with large caps hogging limelight. The Sensex was up 575.70 points or 2.3 percent at 25881.17, and the Nifty ended up 186.05 points or 2.4 percent at 7934.90. About 1563 shares have advanced, 970 shares declined, and 182 shares are unchanged.

ICICI Bank, BHEL, Bajaj Auto, L&T and Maruti were top gainers while Cipla lost 5 percent in the Sensex.

UPCOMING RESULTS TOMORROW: EDUCOMP, INDIACEM, JETAIRWAYS, MPHASIS, NATCOPHARM, TATACHEM, TRENT, UNION BANK,

HEADLINES OF THE DAY
Tech Mahindra rallies as Q4FY16 profit beats street
Cipla cracks on weak quarterly results
Cadila gets USFDA nod for Variconazole tablets

The crucial resistance for Nifty SPOT is now seen at 7945 and above this 7995. Support for the immediate term is now placed at 7850 and next support will be 7772.

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