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Monday, August 3, 2015

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INDIAN BENCHMARKS gain for a fourth consecutive 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:
HCL Tech Q4FY15 revenues inline, Margins miss estimates
Manufacturing PMI grows at fastest pace in 6 months in July
Petrol price cut by Rs2.43; Diesel by Rs3.60 a litre
SSWL records highest ever monthly sales turnover and volume
The crucial resistance for Nifty is now seen at 8605 and above this 8650. Support for the immediate term is now placed at 8525 and next support will be 8495.

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