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Wednesday, February 4, 2015

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INDIAN BENCHMARKS fall to lowest close in two weeks; banks fall on RBI's liquidity move

INDIAN EQUITY BENCHMARKS ended lower for the fourth straight session dragged primarily by the losses in financials and capital goods stocks despite the significant gains in metals and select pharmaceutical and information technology shares.In the broader market, both the BSE Midcap index, down 0.2 % and Smallcap index closing flat performed marginally better than the front-liners.
Services growth picks up pace in January - PMI
JLR January 2014 US Retail volumes up 8.7% YoY
Tata Power Q3: Forex gain boosts PAT

Results for February 05, 2015:
Arvind, CEAT, GE Shipping, Ramco Cement, Tata Motors, Hind Copper, UCO Bank, Allahabad Bank, IOB, SJVN, Jubilant Food, PTC India, Petronet LNG, Godrej Consumer, AIA Engineering, JSW Energy, IRB Infrastructure.

The crucial resistance for Nifty is now seen at 8925 and above this 8985. Support for the immediate term is now placed at 8750 and next support will be 8705.

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