INDIAN BENCHMARKS close at more than 1-year low
INDIAN EQUITY BENCHMARKS fell more than 2 percent on Friday and closed at their lowest levels in over a year on weak global cues amid caution ahead of a key U.S. jobs report due later in the day. The S&P BSE Sensex and CNX Nifty ended 2.18%-2.15% lower each.
Headlines for the day:
Cipla set to buy American biz for $550 mn
RBI increases FII limit in Ashok Leyland to 40%
M&M announces production, sales and export figures
The crucial resistance for Nifty is now seen at 7725 and above this 7755. Support for the immediate term is now placed at 7610 and next support will be 7550.