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Thursday, January 8, 2015

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INDIAN BENCHMARKS snap three-days of losses on value-buying

INDIAN EQUITY BENCHMARKS rose over 1% on Thursday, rebounding from a near three-week low hit in the previous session, led by gains in companies focused on the domestic economy such as ITC and ICICI Bank on value buying. The S&P BSE Sensex and CNX Nifty ended 1.36%-1.64% higher each.

JLR December 2014 UK volumes up 25% YoY
McNally Bharat receives order from VALE group
Ashok Leyland marks fresh high

The crucial resistance for Nifty is now seen at 8275 and above this 8350. Support for the immediate term is now placed at 8185 and next support will be 8115.

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