INDIAN BENCHMARKS fall 1.6 pct; banks, Coal India slump
INDIAN EQUITY BENCHMARKS slumped after earlier hitting their seventh record high in the past eight sessions as lenders slumped after Bank of Baroda reported a big fall in earnings, while Coal India fell further on the government's stake sale.. The S&P BSE Sensex and CNX Nifty ended 1.68%-1.60% lower each.
·HCL Tech surges as Q2 nos beat the street on all counts.
·BOB Q3 net profit plunges; Asset Quality Worsens.
·Andhra Bank reports strong Q3 earnings.
·ICICI Bank Q3 disappoints; Asset quality worsens.
·Dabur India Q3 consolidated net profit up 16% (YoY).
The crucial resistance for Nifty is now seen at 8950 and above this 9015. Support for the immediate term is now placed at 8785 and next support will be 8705.
INDIAN EQUITY BENCHMARKS slumped after earlier hitting their seventh record high in the past eight sessions as lenders slumped after Bank of Baroda reported a big fall in earnings, while Coal India fell further on the government's stake sale.. The S&P BSE Sensex and CNX Nifty ended 1.68%-1.60% lower each.
·HCL Tech surges as Q2 nos beat the street on all counts.
·BOB Q3 net profit plunges; Asset Quality Worsens.
·Andhra Bank reports strong Q3 earnings.
·ICICI Bank Q3 disappoints; Asset quality worsens.
·Dabur India Q3 consolidated net profit up 16% (YoY).
The crucial resistance for Nifty is now seen at 8950 and above this 9015. Support for the immediate term is now placed at 8785 and next support will be 8705.
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