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Nifty has resistance at 5,300
The market opened weak and sustained selling pressure saw the benchmark indices, the Nifty and Sensex, lose their crucial support levels of 5,150 and 17,300, respectively. The spot Nifty closed at 5,094 while January futures closed at almost 10 points discount on profit-taking and short build-up.

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RBI governor allays concerns over capital inflows
The Reserve Bank of India (RBI) today allyed concerns about capital inflows building an asset bubble and said it is keeping a vigil on these.

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M&M, four others line up for stock split this week
The promoters of large and mid-cap companies plan to sub-divide company"s share face value following a sharp rise in stock prices in the last one year.
Business Opportunities

Yahoo! abandoning Geocities

Yahoo! said it will close its GeoCities service that provides people a free online locale for home pages. The announcement comes two days after the struggling internet pioneer posted lacklustre earnings and its newly enthroned chief executive assured investors that the company is focusing its resources on core strengths.


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