INDIAN BENCHMARKS fall to 1-/12 week low on earnings cautionINDIAN EQUITY BENCHMARKS fell for a second consecutive session on Tuesday, as caution ahead of major company earnings such as Tata Motors Ltd and uncertainty about Greece's fiscal woes prompted investors to trim positions. The S&P BSE Sensex and CNX Nifty ended 0.41%-0.37% lower each
Headlines for the day:
Kaveri Seed Q4 consolidated net profit down 30% (YoY).
BHEL Q4 net profit beats estimates.
IFCI Q4 net profit down 30% to Rs120 cr (YoY).
Dish TV reports good Q4 earnings; Net Profit at Rs35 cr.
Results on May 27, 2015
Bata India, Bayer Crop Science, Reliance Infra., Trent, Max India, Tata Chemicals, Aban Offshore,
Godrej Inds., Balrampur Chini, Tata Communications, Bhushan Steel, TTK Prestige, Engineers India, SJVN, GAIL, Redington India, Jindal Steel
The crucial resistance for Nifty is now seen at 8324 and above this 8420. Support for the immediate term is now placed at 8314 and next support will be 8264.
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