INDIAN BENCHMARKS end lower, post
biggest monthly drop since Nov 2011
INDIAN EQUITY BENCHMARKS shares ended nearly 0.5 percent
lower on Monday as concerns about a deficient monsoon and weak rupee curtailed
optimism around likely strong GDP data due later in the day. The S&P BSE
Sensex and CNX Nifty ended 0.41%-0.38% lower each.
Headlines
for the day:
L&T
wins water supply project worth Rs1489 crore .UltraTech to hike capacity to 71 mt by this fiscal.
Annual report analysis; maintain Buy with a revised Price Target.
The crucial resistance for Nifty is now seen at 8219 and above this 8154. Support for the immediate term is now placed at 7948 and next support will be 7785.
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