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Indian Benchmarks Mark Nearly 2-1/2 Week Closing High Ahead Of Modi's Independence Day Speech

By : Simran Shah
INDIAN EQUITY BENCHMARKS rose for a fourth consecutive session to its highest close in nearly two-and-a-half weeks.

• Further, India’s wholesale price (WPI) inflation eased to a five-month low in July, helped by a moderation in fuel costs. The WPI rose 5.19% year-on-year last month, its slowest pace since February. In June, prices rose 5.43% from a year earlier.

• Financial Technologies has announced the results for the quarter ended June 30, 2014 net profit of the company rose by 57.92% to Rs128.25 crore Vs Rs81.21 crore YoY.

The crucial resistance for Nifty is now seen at 7800 and above this 7840. Support for the immediate term is now placed at 7740 and next support will be 7695.

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Super 6 intraday picks to make smart gains

By : Simran Shah

Gaurav Ratnaparkhi of Sharekhan advises buying Bajaj Auto with a target of Rs 2250 and Adani Enterprises with a target of Rs 508.

On CNBC-TV18's show Super Six, market gurus Vishal Malkan, Gaurav Ratnaparkhi and Kunal Bothra share, place their bets on two stocks each, thus offering investors a variety of options to choose from. Investors can read into the detailed analysis before agreeing to any or all the bets.
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INDIAN EQUITY MARKET STRATEGY- 05 August 2014

By : Simran Shah


INDIAN BENCHMARKS trade in green ahead of RBI decision. The Reserve Bank of India is expected to keep interest rates steady while adopting tougher rhetoric on inflation at a policy review today due to growing concerns that disappointing monsoon rains will lead to a surge in food prices.

FURTHER, Power Grid Corporation of India Ltd has posted a net profit of Rs. 11365.10 million for the quarter ended June 30, 2014 as compared to Rs. 10403.40 mn for the quarter ended June 30, 2013. Tata Communications has posted a net profit at Rs125.65 crore Vs Rs231.71 crore YoY. Total Income is Rs1186.86 crore Vs Rs1205.11 crore.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Monday while the DIIs were net sellers of Rs. 250cr, as per the provisional figures released by the NSE.

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