INDIAN EQUITY MARKET WRAP UP - 20 OCT 2015

INDIAN BENCHMARKS edge lower on Asian shares, snap 3-day gaining streak

                                                                   

INDIAN EQUITY BENCHMARKS edged lower on Tuesday after hitting two-month highs earlier in the session, tracking falls in Asian equities and as investors booked profits after three consecutive sessions of gains.

Headlines for the day:

Kajaria Ceramics Q2 consolidated net profit up 48% (YoY).
Muted Q2 for Welspun India.
Bajaj Finance reports robust Q2 earnings; stable asset quality.
Jyothy Labs Q2 beats street .

The crucial resistance for Nifty is now seen at 8295 and above this 8325. Support for the immediate term is now placed at 8225 and next support will be 8195.

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