INDIAN EQUITY BENCHMARKS edged lower on Tuesday after worse-than-expected retail inflation data dented hopes of an interest rate cut by the central bank next month, but gains due to a landmark nuclear deal with Iran provided some support to stocks. The S&P BSE Sensex and CNX Nifty ended 0.10%-0.07% lower each.
Headlines for the day:
June WPI In-Line with Estimates.
DCB Q1 net profit up 5%; Gross NPA Worsens.
NIIT Tech reports strong Q1 nos; Net Profit up 61%.
CPI June Inflation stands at 5.4%.
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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