INDIAN BENCHMARKS fall more than 1 pct; mid caps tumble
INDIAN EQUITY BENCHMARKS fell and benchmark 10-year bond yields rose to three-week highs on Wednesday, as a forecast for the country's first drought in six years and a cautious statement on inflation from the central bank soured sentiment. The S&P BSE Sensex and CNX Nifty ended 1.29-1.23% lower each.
Headlines for the day:
JLR May 2015 US Retail volumes up 12.8% YoY
HSBC Services PMI contracts in May to 49.6
Unitech tanks on rumours of repayment default
Domestic natural rubber prices rise 3.5% to Rs129/kg
The crucial resistance for Nifty is now seen at 8144 and above this 8436. Support for the immediate term is now placed at 8065 and next support will be 7997.
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