INDIAN BENCHMARKS end lower on China, U.S. rate hike worries
INDIAN EQUITY BENCHMARKS eased on Tuesday as weak Chinese markets amplified risk aversion ahead of the U.S. Federal Reserve's meeting on interest rates this week. The S&P BSE Sensex and CNX Nifty ended 0.58%-0.55% lower each.
Headlines for the day:
Improving Macros build case for RBI rate cut
Texmaco to buy stake in bright power; stk up
Corporation Bank gains as LIC looks to infuse funds
The crucial resistance for Nifty is now seen at 7895 and above this 7925. Support for the immediate term is now placed at 7775 and next support will be 7725.
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