INDIAN BENCHMARKS fall to over 1-month closing low ahead of Fed meet
INDIAN EQUITY BENCHMARKS fell on Monday, marking their lowest close in more than one month on profit-taking in stocks heavily owned by foreign investors, ahead of the U.S. Federal Reserve's two-day policy meet starting on Tuesday. The S&P BSE Sensex and CNX Nifty ended 0.23%-0.17% lower each.
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The crucial resistance for Nifty is now seen at 8735 and above this 8766. Support for the immediate term is now placed at 8610 and next support will be 8555.