INDIAN EQUITY MARKET WRAP UP-06 JULY 2015

INDIAN BENCHMARKS recover, close at highest in nearly 2-1/2 months

                                                                    

INDIAN EQUITY BENCHMARKS  rose on Monday recovering from earlier falls of more than 1 percent, marking their highest close in nearly 2-1/2 months, amid a late rally in defensive stocks such as drug makers Cipla and Dr.Reddy's Laboratories. The S&P BSE Sensex and CNX Nifty ended 0.41%-0.44% higher each.

                                                   

Headlines for the day:      

                                                                            

Tech Mahindra continues to fall on weak outlook

Stock Update : Eurozone concerns factored in

Metal stocks in Limelight

The crucial resistance for Nifty is now seen at 8555 and above this 8585. Support for the immediate term is now placed at 8475 and next support will be 8425.

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