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Tuesday, December 2, 2014

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INDIAN BENCHMARKS ended lower weighed down by IT majors

INDIAN EQUITY BENCHMARKS  fell for a second consecutive session on Tuesday, as software services exporters declined on rupee strength and as investors booked profits after the central bank kept interest rates unchanged, although it signaled potential rate cuts by early 2015. The BSE Se nsex and the CNX Nifty ended 0.40%-0.36% lower each.

Sun Pharma Advanced Research Company rose 9.61% after the company said US drug regulator issued a complete response letter to its new drug application for Latanoprost BAK-free eyedrops.

Further, The RBI kept interest rates unchanged at 8% on Tuesday as widely expected, staying focused on containing inflation while adopting a more dovish tone in response to the government's call for help to revive economic growth.

The crucial resistance for Nifty is now seen at 8605 and above this 8665. Support for the immediate term is now placed at 8530 and next support will be 8450.

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 Equity Tips Stock Cash Calls,Equity Tips

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