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Friday, September 12, 2014

Equity Tips
INDIAN BENCHMARKS snap 3 day losing streak… Nifty recoups 8100 mark

INDIAN EQUITY BENCHMARKS snapped their three-day losing streak to end marginally higher. Growth rate of industrial production slowed to 0.5% versus 3.4% in the month of June. The Consumer Price Index (CPI)-based inflation has declined to 7.8%in August from 7.96% in July.

Lupin and Salix Pharmaceuticals, Inc. have entered into a definitive distribution agreement under which Salix has granted Lupin the exclusive right to market, distribute and sell certain Salix products in Canada.

Further, Indusind Bank has announced that the Company has allotted 89,299 equity shares of Rs10 each on September 12, 2014 to those grantees who had exercised their option under the Company's employee Stock Option Scheme.

The crucial resistance for Nifty is now seen at 8135 and above this 8175. Support for the immediate term is now placed at 8055 and next support will be 8035.

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