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Thursday, August 6, 2015

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INDIAN BENCHMARKS end at highest closing level in two weeks
                                                                   
INDIAN EQUITY BENCHMARKS rose for a second session on Thursday, closing at their highest level in two weeks, led by a rise in pharmaceutical stocks after positive comments from broker CLSA boosted investor sentiment. The S&P BSE Sensex and CNX Nifty ended 0.27%-0.24% higher each.
                                                 
Headlines for the day:
Motherson Sumi Q1 below street estimates
Polaris Consulting Q1 consolidated net profit drops 9% (YoY)
JP Power posts Q1 net profit at Rs65 cr (YoY)
                                                                       
The crucial resistance for Nifty is now seen at 8670 and above this 8710. Support for the immediate term is now placed at 8550 and next support will be 8505.

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