INDIAN EQUITY MARKET WRAP - Up 14 Sep 2015

INDIAN BENCHMARKS post highest close in 2 weeks

                                                                   

INDIAN EQUITY BENCHMARKS  closed higher on Monday, posting their highest close in two weeks, as investors shrugged off weak Chinese data and uncertainty whether the U.S. Federal Reserve would hike rates later this week. The S&P BSE Sensex and CNX Nifty ended 0.96%-1.06% higher.

Headlines for the day:

WPI Inflation for August 2015 at -4.95% .
IIP growth for July 2015 stands at 4.2%.
Momentum to continue in Q2FY2016; confident to achieve 10-12% guidance for FY2016.

The crucial resistance for Nifty is now seen at 7895 and above this 7925. Support for the immediate term is now placed at 7760 and next support will be 7725.

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