INDIAN EQUITY MARKET WRAP UP- 13 AUG 2015

INDIAN BENCHMARKS snap 4-day losing streak

                                                                   

INDIAN EQUITY BENCHMARKS snapped their four-day losing streak on Thursday as investors bought beaten down stocks while a news report that a government panel had questioned the controversial minimum alternate tax on foreign investors also helped. The S&P BSE Sensex and CNX Nifty ended 0.14%-0.08% higher each.

Headlines for the day:

IOC Q1 boost to profitability; GRMs higher then est
IRB Infra strong operating performance boosts Q1 earnings
ONGC Q1 profit below estimates                             
Results on August 14, 2015
CIPLA , BPCL , HINDALCO , PFC , RCOM , SAIL,  KNR CONSTRUCTION , AMARAJA BATTERY                                                                     
The crucial resistance for Nifty is now seen at 8465 and above this 8495. Support for the immediate term is now placed at 8325 and next support will be 8275.

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