INDIAN BENCHMARKS Profit Booking on D-Street: Nifty below 8300
INDIAN EQUITY BENCHMARKS snapped their three-day winning streak as blue-chips such as ICICI Bank fell on risk aversion after Chinese stocks posted their biggest daily drop in two weeks while caution prevailed a day ahead of the monthly derivatives expiry. The S&P BSE Sensex and CNX Nifty ended 0.71%-0.68% lower each.
INDIAN EQUITY BENCHMARKS snapped their three-day winning streak as blue-chips such as ICICI Bank fell on risk aversion after Chinese stocks posted their biggest daily drop in two weeks while caution prevailed a day ahead of the monthly derivatives expiry. The S&P BSE Sensex and CNX Nifty ended 0.71%-0.68% lower each.
- Jet Airways (India) surged 2.13%, after the company said it has successfully concluded a landmark five-year syndicated loan in the Middle East region for $150 million.
- Gujarat Pipavav Port advanced 5.96%, after the company entered into an arrangement with NYK Auto Logistics (India).
- Cipla rose 1.82%, after the company said that Cipla Medpro has been awarded R2 billion share of the South African Government's 2015-17 National ARV tender.
The crucial resistance for Nifty is now seen at 8385 and above this 8455. Support for the immediate term is now placed at 8215 and next support will be 8105.
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