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Thursday, July 30, 2015

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INDIAN BENCHMARKS extend gains for a second session
                                                                   
INDIAN EQUITY BENCHMARKS  rose on Thursday, posting their second consecutive session of gains, backed by strong earnings of Bank of Baroda and Dr Reddy's Laboratories while continued optimism over the proposed national tax bill also helped. The BSE index ended higher 0.51 percent, while the NSE index closed up 0.56 percent.
                                                 
Headlines for the day:
Colgate Palmolive Q1 net profit at Rs114.28 crore
Cabinet approves amendments to GST Bil
ILFS Transport wins Rs1,886 cr contract from NHAI
PSU Banks to get private occupants for top posts

The crucial resistance for Nifty is now seen at 8475 and above this 8525. Support for the immediate term is now placed at 8385 and next support will be 8325.

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