INDIAN EQUITY BENCHMARKS fell, continuing their retreat from record highs hit last week as blue-chips including Dr.Reddy's Laboratories extended falls after disappointing earnings, while caution prevailed a day before the central bank's policy review. The S&P BSE Sensex and CNX Nifty ended 0.21%-0.13% lower each.
·Jan HSBC Manufacturing PMI at 52.9 Vs 54.5 (MoM)
·Maruti Suzuki reports strong volume 13.9% (YoY); beat estimates
·JSW Energy Q3 Consolidated net profit up 87% (YoY)
·UPL Q3 Consolidated net profit up 12% (YoY)
The crucial resistance for Nifty is now seen at 8950 and above this 9015. Support for the immediate term is now placed at 8750 and next support will be 8705.
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