INDIAN EQUITY MARKET WRAP UP-16 JULY 2015

INDIAN BENCHMARKS close at highest in three months

                                                                    

INDIAN EQUITY BENCHMARKS on Thursday, heading towards their highest close in three months, led by gains in financial and energy stocks on hopes that a fall in oil prices due to the Iran nuclear deal will lower import costs and interest rates. The S&P BSE Sensex and CNX Nifty ended 0.88%-0.99% higher each.

                                                   

Results on July 17, 2015

ACC, CRISIL, Karnataka Bank, Credit Analysis

Headlines for the day:

DB Corp Q1 consolidated net profit down 16%

Cyient Q1 beats estimate; Consolidated net profit at Rs75 cr

Petrol and Diesel prices cut by Rs2 per litre

The crucial resistance for Nifty is now seen at 8635 and above this 8695. Support for the immediate term is now placed at 8570 and next support will be 8525.

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