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Wednesday, March 18, 2015

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INDIAN BENCHMARKS fall ahead of Fed statement

INDIAN EQUITY BENCHMARKS fell dragged down by blue chips as caution prevailed ahead of the U.S. Federal Reserve's policy statement due later in the day that is expected to give direction on interest rates there. The S&P BSE Sensex and CNX Nifty ended 0.40%-0.43% lower each.
                               
JLR February 2015 global wholesale volumes down 1.2% YoY
Natural gas price to be cut by 10% from April 1
SBI’s Composite Index hits 6-month high in March

The crucial resistance for Nifty is now seen at 8775 and above this 8825. Support for the immediate term is now placed at 8640 and next support will be 8570.

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