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- The S&P CNX NIFTY index opened tentatively but ended the day lower, registering losses of 94 points or 2% as selling pressure increased throughout the day. - The index broke below important support levels of 4700, suggesting further declines to 4530-4470 and possibly 4000 over the medium term. - Two stock recommendations were given: sell Cairn India with a target of Rs 286/266 and sell Yes Bank with a target of Rs 242/228.

Author

Devang Visaria

Language

EN