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INDIAN EQUITY MARKET WRAP UP-18 Feb 2015

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INDIAN BENCHMARKS at 2-1/2 week high; rate-sensitive stocks rise

INDIAN EQUITY BENCHMARKS  rose for the sixth straight session on Wednesday, hitting their highest in nearly 2-1/2 weeks, as interest-rate sensitive stocks such as ICICI Bank gained on hopes of rate cuts by the central bank due to slowing inflation and reforms in the upcoming budget would aid credit growth. The S&P BSE Se nsex and CNX Nifty ended 0.63%-0.68% higher each.
                             
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The crucial resistance for Nifty is now seen at 8945 and above this 8975. Support for the immediate term is now placed at 8820 and next support will be 8765.

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