INDIAN EQUITY MARKET WRAP UP-20 Aug 2015

INDIAN BENCHMARKS posts biggest single-day fall in nearly 4 weeks

                                                                 

INDIAN EQUITY BENCHMARKS  fell about 1.5 percent amid global risk aversion, while Infosys declined on speculation that it may announce acquisitions which may weigh on its earnings. The S&P BSE Sensex and CNX Nifty ended 1.16%-1.44% lower each.

                                                 

Headlines for the day:

Crude oil declines further; Brent at $47

S&P BSE Metal index drops by 2%

Q1FY2016 IT earnings review

Q1FY2016 Auto earnings review                                              

                                                                 

The crucial resistance for Nifty is now seen at 8420 and above this 8455. Support for the immediate term is now placed at 8325 and next support will be 8295.

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