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EquityTips
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Tuesday, February 28, 2017

Equity Tips

Benchmark indices ended lower for second consecutive session, with the Sensex down 69.56 points at 28743.32. The Nifty remained below 8900 level, down 17.10 points at 8879.60 ahead of GDP data due later today.

BHEL was biggest gainer among Sensex and Nifty stocks, up 6 percent followed by Bharti Airtel, Asian Paints, Adani Ports, M&M, Yes Bank and Hindalco while BPCL, Grasim, Coal India, Tech Mahindra, Bajaj Auto, NTPC, Hero Motocorp and ITC fell 1-5 percent.

HEADLINES OF THE DAY
Granules India gains as promoter Tyche Tech increases stake.
ONGC may acquire government’s 51.1% stake in HPCL.
Lupin receives USFDA approval for gSuprep bowel prep kit.

The crucial resistance for Nifty spot is now seen at 8940 and above this 9010 Support for the immediate term is now placed at 8830 and next support will be 8730.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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