INDIAN BENCHMARKS to watch retail inflation data for clues; seen ranged
INDIAN EQUITY BENCHMARKS closed nearly unchanged on Friday but rose for the second straight week as gains in lenders such as State Bank of India were offset by profit-taking in some of the recent outperformers. The S&P BSE Sensex fell 0.02% and CNX Nifty ended 0.02% higher each.
Headlines for the day:
CMC Q4FY15 results update: Soft quarter.
Fitch maintains India rating at BBB-.
IL&FS Transportation Management Interview highlights.
The crucial resistance for Nifty is now seen at 8825 and above this 8865. Support for the immediate term is now placed at 8755 and next support will be 8715.
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