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Wednesday, April 15, 2015

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INDIAN BENCHMARKS snaps seven-day winning streak; exporters fall

INDIAN EQUITY BENCHMARKS  fell 1% on Wednesday, with the NSE index snapping a seven-day winning streak as exporters fell on concerns that the strength in the rupee after inflation data may persist and hurt revenues. The S&P BSE Sensex and CNX Nifty ended 0.84-0.95% lower each.                          
Results on April 16, 2015
GRUH Finance, TCS, IndusInd Bank and MindTree

Headlines for the day:
TV 18 Broadcast Q4 Improves operational performance
JLR March 2015 global retail volumes up 6.0% YoY

The crucial resistance for Nifty is now seen at 8875 and above this 8925. Support for the immediate term is now placed at 8755 and next support will be 8715.

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