INDIAN BENCHMARKS drop; Infosys falls most in 5 weeks after earnings
INDIAN EQUITY BENCHMARKS turned flat after hitting their highest in nearly two months as software stocks declined, led by Infosys as it reduced its full-year U.S. dollar revenue growth guidance, while worries retail inflation for September could edge higher also weighed on the market. The S&P BSE Sensex and CNX Nifty ended 0.65% and 0.56% lower each.
Headlines for the day:
Infosys drops post Q2 nos as guidance downgrade hurts sentiments
JSW Steel Crude Steel production at 3.35 Million Tons for Q2
HCC wins Rs942.58 crore contract from BARC
The crucial resistance for Nifty is now seen at 8205 and above this 8250. Support for the immediate term is now placed at 8125 and next support will be 8085.
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