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Monday, July 27, 2015

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INDIAN BENCHMARKS marks biggest one-day percentage fall in nearly 2 months
                                                                   
INDIAN EQUITY BENCHMARKS  fell nearly 2 percent on Monday, its biggest one-day percentage loss in nearly two months, on China's stock market rout and concerns that possible stricter norms for participatory notes back home may hit foreign investments. The S&P BSE Sensex and CNX Nifty ended 1.96%-1.88% lower each.
                                                 
Headlines for the day:
Info Edge reports weak Q1 earnings; Net Profit down 28%
Coromandel Intl consolidated net profit at Rs14.47 crore
MRF reports 94% growth in PAT to Rs447 crore      

Results on July 28, 2015
GSFC, HDFC, Tata Communications, PI Industries, Pidilite Industries, Thermax, IDBI Bank, Union Bank of India, Maruti Suzuki, Syndicate Bank, Bank of India, Shriram City Union Finance, PNB, Dish TV.
                         
The crucial resistance for Nifty is now seen at 8425 and above this 8475. Support for the immediate term is now placed at 8325 and next support will be 8285.

Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and commodity market. 


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