INDIAN EQUITY MARKET WRAP UP - 14 OCT 2015

INDIAN BENCHMARKS  fall for third day on earnings worries

                                                                   

INDIAN EQUITY BENCHMARKS  edged lower on Wednesday, posting their third consecutive loss, after blue-chips Tata Consultancy Services Ltd and Hindustan Unilever Ltd declined following disappointment over their quarterly earnings. The S&P BSE Se nsex and CNX Nifty ended 0.25% and 0.29% lower each.

Headlines for the day:

Sep WPI In-line with Estimates .
HUL Q2 profit, revenue below estimates.
Zee reports strong performance, one off write-off restrict earnings growth.
TTK Prestige Q2FY16: strong results; margin expansion a positive surprise.

The crucial resistance for Nifty is now seen at 8165 and above this 8195. Support for the immediate term is now placed at 8085 and next support will be 8025.

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