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INDIAN BENCHMARKS: PSU BANK DRAG NIFTY LOWER, SENSEX DOWN 99 POINTS

Benchmark indices have ended the day on a lower note, with the Nifty closing well below 10,600.

The Sensex is down 99.36 points or 0.29% at 34346.39, and the Nifty down 28.30 points or 0.27% at 10554.30. The market breadth favours the declines as 1028 shares advanced, against a fall of 1698 shares, while 201 shares are unchanged.

Bharti Airtel, Hero MotoCorp and Dr Reddy's Laboratories gained the most, while SBI, Axis Bank and Ambuja Cements were the top losers.

HEADLINES OF THE DAY
Ambuja Cements stock falls 4% as merger with ACC put on hold
M&M teams up with Korean battery manufacturer to develop Lithium ion batteries
Berger Paints to set up plant near Lucknow, Uttar Pradesh

The crucial resistance for Nifty spot is now seen at 10645 and above this 10730. Support for the immediate term is now placed at 10515 next support will be 10385.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

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