INDIAN EQUITY MARKET WRAP UP-25 Aug 2015

INDIAN BENCHMARKS rebound from 1-year lows on short covering, GST hope

                                                                 

INDIAN EQUITY BENCHMARKS  bounced back on Tuesday from their lowest levels in around a year after the government said it was considering reconvening parliament to make another attempt to pass the goods and services tax (GST). The S&P BSE Sensex and CNX Nifty ended 1.13%-0.92% lower each.

                                               

Headlines for the day:

Welspun Corp forms JV with Malaysia's Wasco Energy

MCX signs MoU to establish international exchange with IFSC

Suzlon Energy commissions wind power project for NSE        

                                     

The crucial resistance for Nifty is now seen at 7950 and above this 7995. Support for the immediate term is now placed at 7875 and next support will be 7825.

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