INDIAN EQUITY MARKET WRAP UP- 13 OCT 2015

INDIAN BENCHMARKS edge lower; IT firms extend losses

                                                                   

INDIAN EQUITY BENCHMARKS edged lower on Tuesday, posting a second consecutive losing session as software stocks remained under pressure a day after Infosys Ltd trimmed its U.S. dollar revenue growth guidance. The S&P BSE Sensex and CNX Nifty ended 0.21% and 0.15% lower each.

Headlines for the day:

DCB Q2 below estimates; profit slips YoY & QoQ.
Battle in the Skies: SpiceJet Vs Jet Airways VS Indigo.
Positive surprise on industrial output data.

                         

The crucial resistance for Nifty is now seen at 8205 and above this 8250. Support for the immediate term is now placed at 8125 and next support will be 8095.

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