INDIAN BENCHMARKS
rise as Europe gains; CPI data in focus
INDIAN EQUITY
BENCHMARKS reversed losses to end stronger on Monday on optimism
ahead of the retail inflation data due later in the day while
sentiment was boosted after European shares gained on increased
mergers and acquisition activity in the healthcare sector. The S&P
BSE Sensex and CNX Nifty ended 0.46% higher each.
- World Bank projects 6.4% economic growth in India in 2015.
- Automobile industry body SIAM cuts growth forecast for FY15.
- United Spirits soars on Diageo deal approval.
The crucial
resistance for Nifty is now seen at 8375 and above this 8420. Support
for the immediate term is now placed at 8185 and next support will be
8125.
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