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Wednesday, July 22, 2015

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INDIAN BENCHMARKS end at three-month closing high
                                                                   
INDIAN EQUITY BENCHMARKS  marked their highest close in more than three months on Wednesday, driven by value-buying in beaten-down stocks, while the adoption of a select committee report on a key national tax bill in parliament also helped. The S&P BSE Sensex and CNX Nifty ended 1.15%-1.22% higher each.
                                                 
Headlines for the day:
Bajaj Finance Q1 net profit up 30%
PVR Q1 consolidated net profit at Rs58 cr
JSW Energy Q1 consolidated net profit down 15%
           
The crucial resistance for Nifty is now seen at 8675 and above this 8705. Support for the immediate term is now placed at 8575 and next support will be 8525.

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