INDIAN EQUITY MARKET WRAPUP -05 JAN 2015

INDIAN BENCHMARKS ,Q3 caution prevails on Main Street: Autos take a ride
INDIAN EQUITY BENCHMARKS edged lower on state-run lenders fell on disappointment over a lack of significant announcements after a two-day banking conclave attended by Prime Minister Narendra Modi, while technology stocks also fell. The S&P  BSE Sensex and CNX Nifty ended 0.16%-0.20% lower each.

• Ashok Leyland rose 8.33%, after the company said its total sales jumped 48% to 9,290 units in December 2014 over December 2013.
• Spice Mobility rose 4.23%, after the company said its board has approved the proposal received from its promoter to voluntarily delist the shares from the stock exchanges.
• Career Point gained 1.66% after the company said it has joined hands with Techno India Group, an educational group in West Bengal.

The crucial resistance for Nifty is now seen at 8520 and above this 8595. Support for the immediate term is now placed at 8405 and next support will be 8355.