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Monday 13 July 2015

INDIAN EQUITY MARKET WRAPUP-13 JULY 2015

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INDIAN BENCHMARKS post biggest single-day gain in 3 weeks                                                                 
INDIAN EQUITY BENCHMARKS  ended more than a percent higher on Monday with blue-chips leading the gainers on rising risk appetite after euro zone leaders clinched a deal with Greece to negotiate a third bailout. The S&P BSE Sensex and CNX Nifty ended 1.08%-1.19% higher each.
Headlines for the day:                                                                              
Sintex Industries drops post Q1 earnings.
IndusInd Bank Q1 profit beats estimates.
IIP growth for May 2015 declines to 2.7%.            
The crucial resistance for Nifty is now seen at 8505 and above this 8555. Support for the immediate term is now placed at 8415 and next support will be 8375.

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