INDIAN BENCHMARKS fall on rupee strength, rising European bond yields
INDIAN EQUITY BENCHMARKS edged lower on Thursday, dragged down by losses in blue chips on rising bond yields in Europe, while export-oriented stocks dropped as the rupee rose above the key 64 level on inflows ahead of disinvestments in key companies. The S&P BSE Sensex and CNX Nifty ended 0.17-0.14% lower each.
Headlines for the day:
April WPI Inflation at -2.65% Vs -2.33% (MoM)
Oriental Bank Q4 asset quality improves
DB Corp Q4 earnings below estimates
Indian Bank Q4 net profit at Rs206 cr: Asset Quality Stable
AB Nuvo strong Q4FY15 performance driven by financials
The crucial resistance for Nifty is now seen at 8285 and above this 8325 . Support for the immediate term is now placed at 8175 and next support will be 8125.
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