INDIAN EQUITY MARKET WRAP UP-19 Oct 2015

INDIAN BENCHMARKS extend gains; Reliance Industries surges

                                                                 

INDIAN EQUITY BENCHMARKS rose for 3rd consecutive day as RIL surged after posting a stronger-than-expected quarterly profit, while sentiment was supported after Chinese economic growth data eased fears of a hard landing.

                                                             

Headlines for the day:

HCL Tech Q1 net profit at Rs14045 cr (YoY)

Petronet LNG Q2 net profit down 5% (YoY)

Ultratech Q2 nos: Improvement in operating performance; earnings subdued

                     

The crucial resistance for Nifty is now seen at 8285 and above this 8325. Support for the immediate term is now placed at 8225 and next support will be 8195.

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