INDIAN EQUITY MARKET WRAP UP-21 Oct 2015

INDIAN BENCHMARKS count losses for second straight session

                                                                 

INDIAN EQUITY BENCHMARKS  edged slightly lower on Wednesday for a second straight session as a steep fall in Chinese markets revived global risk aversion, while caution ahead of key corporate earnings also weighed on sentiment.

                                                               

Headlines for the day:

Bajaj Auto Q2 topline; profit beats estimate

HDFC Bank Q2 Profit, NII meet street

M&M Financial Q2 consolidated net profit down 28% (YoY)

IRB Infra Q2 profit beats est; margins disappoint

                     

The crucial resistance for Nifty is now seen at 8315 and above this 8355. Support for the immediate term is now placed at 8275 and next support will be 8215.

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