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INDIAN EQUITY MARKET WRAP UP-15 Sep 2014

Equity tipsINDIAN BENCHMARKS fall most in nearly 5 weeks on Fed, China woes

INDIAN EQUITY BENCHMARKS ended lower recording their highest single day fall since August 8 after sluggish July domestic industrial growth and weaker-than-expected economic data from China raised concerns over slowdown among the world's largest economies.

Inflation data based on wholesale price index (WPI) for August hit a five year low at 3.74 percent courtesy declining vegetable prices and other food articles. August WPI inflation stood at 5.19 percent in July.

Further, Metal shares fell after a weaker-than-expected factory output data in the China. China's factory output grew at the weakest pace in nearly six years.

The crucial resistance for Nifty is now seen at 8075 and above this 8115. Support for the immediate term is now placed at 8030 and next support will be 7985.

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