INDIAN EQUITY MARKET WRAP- UP - 23 SEP 2015

INDIAN BENCHMARKS snap 2-day losing streak

                                                                   

INDIAN EQUITY BENCHMARKS  snapped a two-day losing streak to end slightly higher as investors bought beaten-down bank stocks, but capped gains ahead of the monthly derivatives contracts expiry on Thursday. The S&P BSE Sensex and CNX Nifty ended 0.67% and 0.43% higher each.

Headlines for the day:

Forex fluctuation to hurt earnings.

Tide Water surges on open offer .

Motherson Sumi drops as Volkswagen admits manipulating software.

The crucial resistance for Nifty is now seen at 7895 and above this 7925. Support for the immediate term is now placed at 7825 and next support will be 7795.

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