INDIAN BENCHMARKS ends at 6-1/2-month closing low
INDIAN EQUITY BENCHMARKS fell for the third straight session on Thursday, closing at its lowest level in near 6-1/2 months on continued selling by foreign investors due to worries over retrospective taxes and a delay in land acquisition bill. The S&P BSE Sensex and CNX Nifty ended 0.44-0.49% lower each.
Headlines for the day:
Sintex Industries Q4 consolidated net profit up 23% (YoY).
IIFL Holdings Q4 consolidated net profit at Rs132 cr (YoY).
Greaves Cotton Q4 net profit affects on inventory write-off.
The crucial resistance for Nifty is now seen at 8175 and above this 8255. Support for the immediate term is now placed at 7990 and next support will be 7940.
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