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Monday, May 18, 2015

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INDIAN BENCHMARKS gain over 1 pct on forecast of timely monsoon
                                                                   
INDIAN EQUITY BENCHMARKS  rose nearly 1.5 percent on Monday, their second consecutive session of gains, as blue-chips rose after forecast of a timely monsoon raised hopes the central bank would lower interest rates in June. The S&P BSE Sensex and CNX Nifty ended 1.33-1.35% higher each.              
                                                           
Headlines for the day:
GSK Pharma Q4 net profit comes at Rs103 crore
Asian Paints Q4 earnings disappoints; Consolidated Net profit at 341 cr
Take Solution Q4FY2015 PAT doubles.

Results on May 19, 2015
AIA Engineering, Pidilite Industries, Tata Power, Colgate-Palmolive

The crucial resistance for Nifty is now seen at 8415 and above this 8475 . Support for the immediate term is now placed at 8325 and next support will be 8275.

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