INDIAN EQUITY MARKET WRAP UP-11 Sep 2015

INDIAN BENCHMARKS end flat, but post first weekly gain in five

                                                                 

INDIAN EQUITY BENCHMARKS  closed nearly flat on Friday, with capital goods stocks such as Larsen & Toubro ending lower ahead of July industrial output data due later in the day. The S&P BSE Se nsex lost 0.05% and CNX Nifty ended 0.02% higher

                                                 

Headlines for the day:

JLR August 2015 global wholesale volumes up 4.6% YoY

L&T gets shareholders' nod for raising Rs9,600 crore

Raymond buys Robot Systems for Rs28 cr

                       

The crucial resistance for Nifty is now seen at 7850 and above this 7875. Support for the immediate term is now placed at 7755 and next support will be 7715.

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