INDIAN BENCHMARKS snap six-day
winning streak, blue chips fall
INDIAN EQUITY BENCHMARKS retreated
from their highest levels in nearly 1-1/2 months on Thursday, snapping a
six-day winning streak, on profit-taking in blue chips while lack of
announcements on restructuring power distributors' burgeoning loans also hurt.
The S&P BSE Sensex and CNX Nifty ended 0.70% and 0.59% lower each.
Headlines for the day:
India's
fiscal situation expected to improve in 5 years: IMF.
Q2FY2016 – Consumer goods and services preview.Q2FY2016 Auto Sector earnings preview .
The crucial resistance for Nifty is now seen at 8205 and above this 8255. Support for the immediate term is now placed at 8125 and next support will be 8095.
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