INDIAN EQUITY BENCHMARKS fell for a second straight session, led by declines in ITC Ltd on worries the government may ban sale of loose cigarettes, while metal stocks slumped, tracking falls in commodities on global growth concerns. The S&P BSE Sensex and CNX Nifty ended 0.29% and 0.26% lower each.
·JLR December 2014 global wholesale volumes up 6.8% YoY
·Domestic pharma posts 14.4% growth in Dec 2014
·December WPI Inflation falls to 0.11%
·Yes Bank Q3 marginally better; net profit up 30%
The crucial resistance for Nifty is now seen at 8385 and above this 8435. Support for the immediate term is now placed at 8205 and next support will be 8155.
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