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Wednesday, June 10, 2015

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INDIAN BENCHMARKS snaps 7-day losing streak on MSCI China A-shares delay
INDIAN EQUITY BENCHMARKS rose more than 1 percent on Wednesday with the broader NSE index snapping its seven-day losing streak after U.S. index compiler MSCI Inc delayed the inclusion of Chinese domestic shares in its emerging markets index. The S&P BSE Sensex and CNX Nifty ended 1.36-1.27% higher each.
Headlines for the day:
Domestic car sales rev up 7.7% in May
Sugar Stks in focus after CCEA approves interest free loan
Q4FY2015 IT earnings review: Weak quarter, stable outlook

The crucial resistance for Nifty is now seen at 8165 and above this 8195. Support for the immediate term is now placed at 8000 and next support will be 7950.

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