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Tuesday, March 31, 2015

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INDIAN BENCHMARKS end strong fiscal year with worries about momentum

INDIAN EQUITY BENCHMARKS  rose on Tuesday, heading towards their biggest fiscal-year gain in six, as domestic funds buy shares to dress up their yearly performance at the end of 2014-15. The S&P BSE Sensex fell 0.07% and CNX Nifty ended 0.02% lower today.                            

L&T bags defence order for 7 Patrol Vessels
Freight rates move lower due to restricted cargo movement
Valecha Engg jumps after winning orders

The crucial resistance for Nifty is now seen at 8625 and above this 8670. Support for the immediate term is now placed at 8495 and next support will be 8455.

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