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INDIAN BENCHMARKS fall in cautious trade ahead of derivatives expiry

INDIAN EQUITY BENCHMARKS  fell on Wednesday, dragged down by heavyweights such as Housing Development and Finance Corp and Bharti Airtel after their quarterly earnings fell short of expectations. The S&P BSE Sensex and CNX Nifty ended 0.62-0.55% lower each.
Results on April 30, 2015
PMC Fincorp, Oberoi Realty, IDFC, Polaris Consulting, Godrej Properties, Marico, Shriram Transport, HCC, Alstom T&D, Coromandel Intl, Exide, Atul          

Headlines for the day:
Axis Bank Q4 meets street estimates; Standalone net profit up 18% (YoY)
Federal Bank Q4 earnings see flattish growth
DHFL Q4 meets street; FY15 in line
Shree Cements Q3FY2015: High operating cost dent earnings

The crucial resistance for Nifty is now seen at 8355 and above this 8395. Support for the immediate term is now placed at 8185 and next support will be 8125.

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