INDIAN EQUITY MARKET WRAP UP-22 JULY 2015

INDIAN BENCHMARKS end at three-month closing high

                                                                    

INDIAN EQUITY BENCHMARKS  marked their highest close in more than three months on Wednesday, driven by value-buying in beaten-down stocks, while the adoption of a select committee report on a key national tax bill in parliament also helped. The S&P BSE Sensex and CNX Nifty ended 1.15%-1.22% higher each.

                                                   

Headlines for the day:

Bajaj Finance Q1 net profit up 30%

PVR Q1 consolidated net profit at Rs58 cr

JSW Energy Q1 consolidated net profit down 15%

            

The crucial resistance for Nifty is now seen at 8675 and above this 8705. Support for the immediate term is now placed at 8575 and next support will be 8525.

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