INDIAN BENCHMARKS rebound after Russia ceasefire
INDIAN EQUITY BENCHMARKS rallied around 1 percent, in a sharp turnaround from earlier mild losses after the leaders of Germany, France, Russia and Ukraine reached a deal to end fighting in eastern Ukraine, sparking gains in global markets. The S&P BSE Sensex and CNX Nifty ended 0.95%-0.98% higher each.
· Reliance Capital Q3 consolidated net profit up 28% (YoY)
· Hindalco Inds Q3 Profits below estimates
· BOI Q3 earnings disappoint; Net Profit falls 70% (YoY)
· Neyveli Lignite Q3 net profit down 37% (YoY)
The crucial resistance for Nifty is now seen at 8775 and above this 8815. Support for the immediate term is now placed at 8620 and next support will be 8585.
INDIAN EQUITY BENCHMARKS rallied around 1 percent, in a sharp turnaround from earlier mild losses after the leaders of Germany, France, Russia and Ukraine reached a deal to end fighting in eastern Ukraine, sparking gains in global markets. The S&P BSE Sensex and CNX Nifty ended 0.95%-0.98% higher each.
· Reliance Capital Q3 consolidated net profit up 28% (YoY)
· Hindalco Inds Q3 Profits below estimates
· BOI Q3 earnings disappoint; Net Profit falls 70% (YoY)
· Neyveli Lignite Q3 net profit down 37% (YoY)
The crucial resistance for Nifty is now seen at 8775 and above this 8815. Support for the immediate term is now placed at 8620 and next support will be 8585.
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