INDIAN EQUITY BENCHMARKS rose for a third consecutive session on mark its highest level in nearly 1-1/2 months as Wipro surged on strong earnings while lenders gained on continued optimism the central bank's surprise rate cut last week would revive credit growth. The S&P BSE Sensex and CNX Nifty ended 0.50% and 0.43% higher each.
·Sun Pharmaceutical Industries rose 1.13%, after 0.07% equity changed hands in a bulk deal on BSE today, January 19, 2015
·Symphony surged 11.92% after net profit jumped 45.3% to Rs36.02 crore on 31.4% growth in net sales to Rs151.41 crore in Q2 December 2014 over Q2 December 2013.
·Rajesh Exports surged 18.08% after the company bagged an export order worth Rs1780 crore of designer range of gold and diamond studded jewellery and medallions from Jamcelat Jewellery, UAE.
The crucial resistance for Nifty is now seen at 8590 and above this 8625. Support for the immediate term is now placed at 8425 and next support will be 8375.
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