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Thursday, May 7, 2015

Equity Tips Stock Cash Calls,Equity Tips
INDIAN BENCHMARKS ends at 6-1/2-month closing low

INDIAN EQUITY BENCHMARKS fell for the third straight session on Thursday, closing at its lowest level in near 6-1/2 months on continued selling by foreign investors due to worries over retrospective taxes and a delay in land acquisition bill. The S&P BSE Sensex and CNX Nifty ended 0.44-0.49% lower each.                                                                                                        

Headlines for the day:
Sintex Industries Q4 consolidated net profit up 23% (YoY)
IIFL Holdings Q4 consolidated net profit at Rs132 cr (YoY)
Greaves Cotton Q4 net profit affects on inventory write-off

The crucial resistance for Nifty is now seen at 8175 and above this 8255. Support for the immediate term is now placed at 7990 and next support will be 7940.

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