INDIAN EQUITY MARKET WRAP UP-4 Mar 2015

INDIAN BENCHMARKS fall on profit-taking after hitting record highs

INDIAN EQUITY BENCHMARKS fell on Wednesday, retreating from record highs hit earlier in the session, as the initial surge after an unexpected rate cut by the central bank was offset by profit-taking and on speculation foreign investors sold blue-chips. The S&P BSE Sensex and CNX Nifty ended 0.72%-0.82% lower each

                               

RBI cuts repo rate by 25 bps to 7.5%; CRR unchanged

HSBC Services PMI hits 8 month high in February

Feb coal imports jump 31% YoY

Sugar output up 14% at 19.4 million tonne in Oct-Feb

The crucial resistance for Nifty is now seen at 9116 and above this 9007. Support for the immediate term is now placed at 8669 and next support will be 8894.

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