INDIAN EQUITY MARKET WRAP- UP- 27 OCT 2015

INDIAN BENCHMARKS  fall for second day, Fed meet eyed

                                                                   

INDIAN EQUITY BENCHMARKS  fell for a second straight session on Tuesday as companies such as Lupin posted disappointing earnings, while sentiment remained cautious ahead of the U.S. Federal Reserve's two-day policy meeting. The S&P BSE Sensex and CNX Nifty ended 0.40% and 0.33% lower each.

                                                                                        

Headlines for the day:

Axis Bank Q2 earnings in-line with estimates .

TVS Motor Q2FY2016 PAT 10% above estimate.

Maruti Suzuki Q2FY2016 net profits marginally below estimates.

                                                            
RESULT’S ON 28^TH OCT:  DABUR, AMBUJACEM, JUST DIAL , AMARJA BATTERY , SUN TV , JSW ENERGY , EXIDE INDUSTRIES
                         

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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