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Tuesday, June 21, 2016

Equity Tips
INDIAN BENCHMARKS: SENSEX SLIPS OVER 50 POINTS, NIFTY 50 AT 8220

The market has ended lower with the Nifty below 8250. The 50-share index closed down 18.60 points or 0.2 percent at 8219.90 while the Sensex was down 54.14 points or 0.2 percent at 26812.78.ONGC, Wipro, M&M, Tata Motors and HDFC were top gainers while NTPC, Axis Bank, Adani Ports, BHEL and Asian Paints were losers in the Sensex.

HEADLINES OF THE DAY
Mahanagar Gas IPO opens today.
FDI norms in defence, aviation, single brand retail.
Yes Bank to raise $ 1 bn via QIP.

The crucial resistance for Nifty spot is now seen at 8295 and above this 8335. Support for the immediate term is now placed at 8160 and next support will be 8107.

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