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Tuesday, January 27, 2015

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INDIAN BENCHMARKS surge to record high for 5th straight session

INDIAN EQUITY BENCHMARKS hit a record high for a fifth consecutive session after a deal that could open the door for U.S. companies to build nuclear reactors in the country boosted firms expected to benefit such as Larsen & Toubro. The S&P BSE Sensex and CNX Nifty ended 1.00% and 0.85% higher each..

Union Bank Q3 nos disappoints; Asset Quality Worsens
Maruti Suzuki Q3 below street estimates
Godrej Properties Q3 consolidated net profit up 26% (YoY)

The crucial resistance for Nifty is now seen at 8945 and above this 8985. Support for the immediate term is now placed at 8810 and next support will be 8750.

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