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Monday, March 23, 2015

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INDIAN BENCHMARKS fall for fourth straight session; Jindal Steel slumps

INDIAN EQUITY BENCHMARKS edged up , rebounding after falling in the previous three sessions to hit a near 1-1/2 month low as Asian markets gained, but Jindal Steel slumped after the government rejected its bids for three coal mines. The S&P BSE Sensex and CNX Nifty ended 0.24%-0.23% lower each.                                

Spicejet settles with Wilmington for aircraft operation
Jindal Steel slumps as government rejects bids for coal blocks
MT Educare announces sale of Mangalore Pre-University Campus

The crucial resistance for Nifty is now seen at 8685 and above this 8755. Support for the immediate term is now placed at 8550 and next support will be 8495.

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