INDIAN BENCHMARKS rally as recent losses seen as overdone
INDIAN EQUITY BENCHMARKS on Friday as investors saw a four-session losing streak as overdone, while gains in regional markets and expectation of a rate cut by the central bank next week also helped sentiment. The S&P BSE Sensex and CNX Nifty ended 1.17%-1.38% higher each.
Headlines for the day:
Berger Paints Q4 consolidated net profit up 5% at Rs58.08 cr (YoY)
Ramco Cements surges on strong Q4FY2015 performance
M&M surges as Q4FY15 results in-line with estimates; Tractor Biz Weak
The crucial resistance for Nifty is now seen at 8459 and above this 8487. Support for the immediate term is now placed at 8365 and next support will be 8317.
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