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.