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INDIAN BENCHMARKS rebound from four-week low on value-buying

INDIAN EQUITY BENCHMARKS  fell for a fifth straight session on Tuesday and closed at their lowest in nearly four weeks as Sun Pharmaceutical Industries plunged after Japan's Daiichi Sankyo's $3.6 billon share sale in the company. The S&P BSE Sensex and CNX Nifty ended 0.75-0.83% lower each.

Results on April 23, 2015
SKF India, MRF, Gujarat Gas, HDFC Bank, Cyient, M&M Finance, Cairn India, L&T Finance
Headlines for the day:
L&T construction wins order worth Rs2674 cr
Freshtrop Fruits hits 5% upper circuit
Yes Bank Q4: Profit In-line with estimates

The crucial resistance for Nifty is now seen at 8505 and above this 8565. Support for the immediate term is now placed at 8375 and next support will be 8305.

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