INDIAN EQUITY MARKET WRAP UP-20 Oct 2015

INDIAN BENCHMARKS edge lower on Asian shares, snap 3-day gaining streak

                                                                 

INDIAN EQUITY BENCHMARKS edged lower on Tuesday after hitting two-month highs earlier in the session, tracking falls in Asian equities and as investors booked profits after three consecutive sessions of gains.

                                                             

Headlines for the day:

Kajaria Ceramics Q2 consolidated net profit up 48% (YoY)

Muted Q2 for Welspun India

Bajaj Finance reports robust Q2 earnings; stable asset quality

Jyothy Labs Q2 beats street

                     

The crucial resistance for Nifty is now seen at 8295 and above this 8325. Support for the immediate term is now placed at 8225 and next support will be 8195.

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