INDIAN EQUITY MARKET WRAP UP - 26 OCT 2015

INDIAN BENCHMARKS retreat from over 2-month highs

                                                                   

INDIAN EQUITY BENCHMARKS ended lower on Monday, retreating from over two-month highs hit in the previous session as investors booked profits even as Asian equities gained after China cut interest rates for a sixth time in less than a year. The S&P BSE Sensex and CNX Nifty ended 0.40% and 0.42% lower each.

                                                                                                                      

Headlines for the day:

UPL Q2 consolidated net profit up 12% (YoY)

HDFC Q2 profit beats estimate

Bharti Airtel dips as higher fixed charges impact Q2 results

The crucial resistance for Nifty is now seen at 8357 and above this 8410. Support for the immediate term is now placed at 8233 and next support will be 8165.

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