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Wednesday 22 April 2015

INDIAN EQUITY MARKET WRAPUP-22 APRIL 2015

INDIAN BENCHMARKS rebound from four-week low on value-buying
INDIAN EQUITY BENCHMARKS  fell for a fifth straight session on Tuesday and closed at their lowest in nearly four weeks as Sun Pharmaceutical Industries plunged after Japan's Daiichi Sankyo's $3.6 billon share sale in the company. The S&P BSE Sensex and CNX Nifty ended 0.75-0.83% lower each.
Results on April 23, 2015
SKF India, MRF, Gujarat Gas, HDFC Bank, Cyient, M&M Finance, Cairn India, L&T Finance
Headlines for the day:
L&T construction wins order worth Rs2674 cr
Freshtrop Fruits hits 5% upper circuit
Yes Bank Q4: Profit In-line with estimates
The crucial resistance for Nifty is now seen at 8505 and above this 8565. Support for the immediate term is now placed at 8375 and next support will be 8305.
 Gold June futures are quoted at Rs 26,910 - down Rs 22. The precious yellow metal has touched a high at Rs 26,955 and a high at Rs 26,825 so far during the day.

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