INDIAN EQUITY MARKET WRAP UP-23 JULY 2015

INDIAN BENCHMARKS fall after marking highest in more than three months

                                                                    

INDIAN EQUITY BENCHMARKS  ended lower on Thursday, weighed down by stocks such as Bajaj Auto Ltd and Lupin Ltd while profit-taking in blue chips also hurt sentiment. The S&P BSE Se nsex and CNX Nifty ended 0.47%-0.51% lower each.

                                                   

Headlines for the day:

Lupin slumps as Q1FY2016 earnings decline 16% YoY

L&T Finance Q1 net profit down 33% (YoY)

Bajaj Auto slumps as Q1FY2016 results come below expectation

                                                    

Results on July 24, 2015

Atul, Crompton Greaves, ABB, RIL, Supreme Inds., Bharat Electronics, Tata Elxsi, Axis Bank, TVS Motor Co., M&M Financial Services

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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