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Friday, January 30, 2015

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INDIAN BENCHMARKS fall 1.6 pct; banks, Coal India slump

INDIAN EQUITY BENCHMARKS slumped after earlier hitting their seventh record high in the past eight sessions as lenders slumped after Bank of Baroda reported a big fall in earnings, while Coal India fell further on the government's stake sale.. The S&P BSE Sensex and CNX Nifty ended 1.68%-1.60% lower each.
HCL Tech surges as Q2 nos beat the street on all counts
BOB Q3 net profit plunges; Asset Quality Worsens
Andhra Bank reports strong Q3 earnings
ICICI Bank Q3 disappoints; Asset quality worsens
Dabur India Q3 consolidated net profit up 16% (YoY)

The crucial resistance for Nifty is now seen at 8950 and above this 9015. Support for the immediate term is now placed at 8785 and next support will be 8705.

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