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Monday, March 16, 2015

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INDIAN BENCHMARKS fall to over 1-month closing low ahead of Fed meet

INDIAN EQUITY BENCHMARKS fell on Monday, marking their lowest close in more than one month on profit-taking in stocks heavily owned by foreign investors, ahead of the U.S. Federal Reserve's two-day policy meet starting on Tuesday. The S&P BSE Sensex and CNX Nifty ended 0.23%-0.17% lower each.
WPI dips to -2.06% in Feb 2015; lower than estimates
Wockhardt surges in weak markets
Gujarat Pipavav marks fresh high in weak markets

The crucial resistance for Nifty is now seen at 8735 and above this 8766. Support for the immediate term is now placed at 8610 and next support will be 8555.

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