Wednesday, August 26, 2015
INDIAN EQUITY MARKET WARP UP-26 Aug 2015
INDIAN BENCHMARKS end over 1 pct lower
INDIAN EQUITY BENCHMARKS saw volatile trade on Wednesday as wary investors shied away from risky bets on fears that a rate cut in China was not enough to stabilise its slowing economy or halt a collapse in stocks. The S&P BSE Sensex and CNX Nifty ended 1.22%-1.33% lower each.
Headlines for the day:
Federal Bank falls Morgan Stanley stake sale
IT Sector update: Rupee tailwinds, positive cushion for margins
L&T Construction wins order from KAHRAMAA
The crucial resistance for Nifty is now seen at 7870 and above this 7895. Support for the immediate term is now placed at 7750 and next support will be 7715.
Benchmark Treasury yields dipped to 2.04% with Australian bonds tracking the overnight gain in US debt. Asian stock markets retreated...
In the broader market, the BSE Midcap index was trading 108 points higher at 15,587 levels, while the BSE Smallcap index was trading at 15,...
INDIAN BENCHMARKS: SENSEX DOWN 51 POINTS, NIFTY 50 AT 8918 The market snapped two-day winning streak as profit booking drove equit...
The Indian market is likely to swing to global macro data and June quarter earnings of few public sector companies next week. Mond...