INDIAN BENCHMARKS ended lower weighed down by IT majors
INDIAN EQUITY BENCHMARKS
fell for a second consecutive session on Tuesday, as software services
exporters declined on rupee strength and as investors booked profits
after the central bank kept interest rates unchanged, although it
signaled potential rate cuts by early 2015. The BSE Se nsex and the CNX
Nifty ended 0.40%-0.36% lower each.
Sun Pharma Advanced Research Company
rose 9.61% after the company said US drug regulator issued a complete
response letter to its new drug application for Latanoprost BAK-free
eyedrops.
Further,
The RBI kept interest rates unchanged at 8% on Tuesday as widely
expected, staying focused on containing inflation while adopting a more
dovish tone in response to the government's call for help to revive
economic growth.
The crucial resistance for Nifty is now seen at 8605 and above this 8665. Support for the immediate term is now placed at 8530 and next support will be 8450.
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