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Wednesday, July 29, 2015

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INDIAN BENCHMARKS end higher, snap four-day losing streak
                                                                   
INDIAN EQUITY BENCHMARKS snapped a four-day losing streak to end higher on Wednesday as investors churned positions in favour of exporters, including defensive stocks on caution ahead of the outcome of the U.S. Federal Reserve's policy meeting. The S&P BSE Sensex and CNX Nifty ended 0.38%-0.46% higher each.
                                                 
Headlines for the day:
Allahabad Bank Q1 net profit up 30%; asset quality improves
Yes Bank Q1 net profit In-Line
Dabur Q1 earnings in line with estimates
Vedanta Q1 beats estimate; consolidated net profit at Rs866 cr
                                                                       
The crucial resistance for Nifty is now seen at 8415 and above this 8275. Support for the immediate term is now placed at 8325 and next support will be 8285.

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