INDIAN EQUITY MARKET WRAP UP-10 Sep 2015

INDIAN BENCHMARKS fall as China data reinforced global growth fears

                                                                 

INDIAN EQUITY BENCHMARKS  fell on Thursday, hovering near over one-year low touched earlier this week, tracking declines around the region after lacklustre Chinese economic data added to heightened worries about the global economy. The S&P BSE Sensex and CNX Nifty ended 0.38%-0.39% lower each.

                                                 

Headlines for the day:

JLR August 2015 global retail volumes down 3% YoY

Domestic car sales rise 6% in August

Recent correction provides good entry point

                       

The crucial resistance for Nifty is now seen at 7875 and above this 7905. Support for the immediate term is now placed at 7775 and next support will be 7725.

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