INDIAN EQUITY MARKET WRAP UP-04 DEC 2014

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INDIAN BENCHMARKS ended highs amid volatility

INDIAN EQUITY BENCHMARKS  hit a record high continued hopes for global monetary stimulus measures, while ITC Ltd surged more than 5% to a six-month high on media reports the government was rethinking a potential ban on the sale of loose cigarettes. The S&P BSE Sensex and CNX Nifty ended 0.42%-0.31% higher each.

Cigarette shares surge 5-6% as govt unlikely to ban sale

Cox & Kings surges on partnership with Fonciere des

ABB rallies on winning order worth Rs334 crore

The crucial resistance for Nifty is now seen at 8675 and above this 8665. Support for the immediate term is now placed at 8535 and next support will be 8450.

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