INDIAN EQUITY BENCHMARKS rose more than 1% on Wednesday in a volatile session, led by gains in financial stocks after soft inflation and industrial output data stoked hopes of an interest rate cut. The S&P BSE Sensex and CNX Nifty ended 1.39-1.34% higher each.
Headlines for the day:
Adani Enterprises Q4 below est; Consolidated net profit at 737 cr (YoY).
Lupin Q4: Weak numbers; Misses street estimates.
HSBC downgrades Indian equities to 'underweight'.
CPI inflation continue to decline, IIP growth sluggish.
The crucial resistance for Nifty is now seen at 8288 and above this 8325 . Support for the immediate term is now placed at 8155 and next support will be 8105.
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