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Friday, July 24, 2015

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INDIAN BENCHMARKS fall nearly 1 pct; ICICI Bank slumps
                                                                    
INDIAN EQUITY BENCHMARKS  ended nearly 1 percent lower on Friday, dragged down by ICICI Bank on concerns over its exposure to debt-laden Jaiprakash Group, while Reliance Industries fell ahead of its quarterly results later in the day. The S&P BSE Sensex and CNX Nifty ended 0.91%-0.79% lower each.
                                                   
Headlines for the day:
ABB Q2 profit growth disappoints; Revenue, margins Inline
Axis Bank Q1 profit in line; beats on NII
TVS Motor tanks as Q1FY2016 margins disappoint
                                                    
Results on July 27, 2015
Century Textiles, Coromandel Intl, Ambuja Cement, MRF, Torrent Pharma., Tech Mahindra, Info Edge, KEC Intl., Just Dial 
             
The crucial resistance for Nifty is now seen at 8605 and above this 8655. Support for the immediate term is now placed at 8522 and next support will be 8485.

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