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Friday, April 24, 2015


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INDIAN BENCHMARKS close at 3-1/2 month low; Infosys slumps

INDIAN EQUITY BENCHMARKS  fell more than 1% on Friday to their lowest close in nearly three-and-a-half months, dragged down by a 6% slump in Infosys after the software services exporter's January-March earnings fell short of expectations. The S&P BSE Sensex and CNX Nifty ended 1.07-1.11% lower each.

Results on April 27, 2015
Alembic Pharma, Bharti Infra, JSW Energy, Andhra Bank, Maruti Suzuki, ICICI Bank, UPL.
         
Headlines for the day:
Infosys tanks as Jan-March U.S. dollar revenue growth lags estimates
Supreme Inds Q3FY15 results: Margins boosted by better performance
Indiabulls Housing Q4 consolidated net profit rises by 22% (YoY)

The crucial resistance for Nifty is now seen at 8415 and above this 8475. Support for the immediate term is now placed at 8265 and next support will be 8205.

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