INDIAN BENCHMARKS fall 1.6 pct; banks, Coal India slump
INDIAN EQUITY BENCHMARKS slumped after earlier hitting their seventh record high in the past eight sessions as lenders slumped after Bank of Baroda reported a big fall in earnings, while Coal India fell further on the government's stake sale.. The S&P BSE Sensex and CNX Nifty ended 1.68%-1.60% lower each.
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The crucial resistance for Nifty is now seen at 8950 and above this 9015. Support for the immediate term is now placed at 8785 and next support will be 8705.
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