INDIAN EQUITY MARKET WRAP UP-15 JUNE 2015

INDIAN BENCHMARKS  rise on positive macro data, value buying

                                                                    

INDIAN EQUITY BENCHMARKS  rose on Monday, bucking a softer trend in global markets as blue chips advanced on strong factory and stable inflation data, while value buying after three consecutive weekly declines also helped. The S&P BSE Sensex and CNX Nifty ended 0.61-0.39% higher each.

                                                            

Headlines for the day:

May WPI Inflation at -2.36% Vs -2.65% (MoM)

IIP growth zooms, CPI inflation in comfort zone

Reliance AGM for FY2015: Plans to launch 4G services in December

Cairn, Vedanta surges on merger deal

The crucial resistance for Nifty is now seen at 8070 and above this 8125. Support for the immediate term is now placed at 7925 and next support will be 7875.

Read more..

Share on Google Plus

About Pooja Pariya

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.