Indian benchmark indices settled saw another session of profit booking on Wednesday as the Indian Rupee hit fresh lows and FIIs outflows continued. Traders will be keenly looking at RBI's monetary policy outcome on Friday. BSE Sensex shed 31.46 points, or 0.04 per cent, to settle at 85,106.81, while NSE's Nifty50 declined 46.20 points, or 0.18 per cent, to close at 25,986.00 for the day.

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Select buzzing defence stocks including Mazagon Dock Shipbuilders, Bharat Dynamics (BDL) and Hindustan Aeronautics (HAL) are likely to remain under the spotlight of traders for the session today. Here is what Laxmikant Shukla, Senior Technical Analyst at YES Securities has to say on these stocks for Thursday's trading session:

Hindustan Aeronautics | Caution | Resistance: Rs 4,630 | Suppor

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