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Wednesday, November 4, 2015

Equity Tips
INDIAN BENCHMARKS: NIFTY ENDS BELOW 8050

Amidst pressure, the Sensex ended down 37.67 points at 26552.92. The Nifty slipped 20.50 points at 8040.20. About 1255 shares advanced, 1469 shares declined, and 134 shares were unchanged. Tata Motors, M&M, Bajaj Auto, Coal India and Hero MotoCorp were top gainers in the Sensex. ICICI Bank, Reliance, Sun Pharma, GAIL and Lupin were losers.

Headlines of the day:

RBI allows FII limit to 30% in Petronet LNG
Marico Q2 consolidated results see tepid revenue growth
Nestle to start sale of Maggie from November 2015

RESULT’S ON 5 NOV 2015: ARVIND, CIPLA, JUBLFOOD, TATASTEEL, TATAGLOBAL, CASTROLIND, CUMMINS

The crucial resistance for Nifty is now seen at 8116 and above this 8147. Support for the immediate term is now placed at 7995 and next support will be 7930.

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