INDIAN EQUITY BENCHMARKS were little changed on Friday as Vedanta and Cairn India rose on hopes their planned merger may get delayed amid concerns by minority shareholders, while a muted start to the earnings season weighed on sentiment. The S&P BSE Sensex and CNX Nifty ended 0.32%-0.38% higher each.
Headlines for the day:
TCS Q1 misses on revenues, outshines on margins.
Global woes weigh on Indian steel sector.
MRPL: In a sweet spot; sustainably better GRM and retailing plan ahead.
The crucial resistance for Nifty is now seen at 8415 and above this 8475. Support for the immediate term is now placed at 8315 and next support will be 8275.
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