INDIAN EQUITY MARKET WRAP UP-8 Oct 2015

INDIAN BENCHMARKS  snap six-day winning streak, blue chips fall

                                                                 

INDIAN EQUITY BENCHMARKS  retreated from their highest levels in nearly 1-1/2 months on Thursday, snapping a six-day winning streak, on profit-taking in blue chips while lack of announcements on restructuring power distributors' burgeoning loans also hurt. The S&P BSE Sensex and CNX Nifty ended 0.70% and 0.59% lower each.

                                                 

Headlines for the day:

India's fiscal situation expected to improve in 5 years: IMF

Q2FY2016 – Consumer goods and services preview

Q2FY2016 Auto Sector earnings preview

                       

The crucial resistance for Nifty is now seen at 8205 and above this 8255. Support for the immediate term is now placed at 8125 and next support will be 8095.

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