INDIAN EQUITY MARKET WRAP UP-28 Oct 2015

INDIAN BENCHMARKS  extend losses for third day

                                                                 

INDIAN EQUITY BENCHMARKS  extended their losses for a third consecutive session as investors remained cautious ahead of the conclusion of the U.S. Federal Reserve's meeting later in the day and the expiry of monthly derivatives contracts back home this week. The S&P BSE Sensex and CNX Nifty ended 0.78% and 0.75% lower each.

                                                                                                  
Headlines for the day:

Dabur India Q2FY2016 sees improvement in margins

Exide Industries Q2FY16 PAT beats estimates

Syndicate Bank Q2 net profit at Rs332.37 crore

                                                         

RESULT’S ON 29TH OCT:  GLENMARK, GRASIM, BHARAT FORGE , CROMPTONGREAVES , DRREDDY , EMAMI , MRF.

                       

The crucial resistance for Nifty is now seen at 8255 and above this 8295. Support for the immediate term is now placed at 8175 and next support will be 8140.

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