INDIAN EQUITY BENCHMARKS fell 1% on Wednesday, with the NSE index snapping a seven-day winning streak as exporters fell on concerns that the strength in the rupee after inflation data may persist and hurt revenues. The S&P BSE Sensex and CNX Nifty ended 0.84-0.95% lower each.
Results on April 16, 2015
GRUH Finance, TCS, IndusInd Bank and MindTree.
Headlines for the day:
TV 18 Broadcast Q4 Improves operational performance.
JLR March 2015 global retail volumes up 6.0% YoY.
The crucial resistance for Nifty is now seen at 8875 and above this 8925. Support for the immediate term is now placed at 8755 and next support will be 8715.
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