INDIAN EQUITY MARKET WRAP UP- 30 OCT 2015

INDIAN BENCHMARKS  record worst week in 2 months

                                                                   

INDIAN EQUITY BENCHMARKS  markets fell on Friday, posting a fifth consecutive fall in their worst weekly performance in two months, as disappointing results from ITC and Larsen & Toubro raised concerns about the health of the corporate sector. The S&P BSE Sensex and CNX Nifty ended 0.68% and 0.57% lower each.

                                                                                                                              

Headlines for the day:

Kotak Mahindra Q2 consolidated net profit at Rs942 cr (YoY)

Ajanta Pharma Q2 consolidated net profit at Rs100 cr (YoY)

ICICI Bank Q2 net profit meets estimates

L&T disappoints in Q2FY2016 with poor margin

                                                            

RESULT’S ON 2^ND  NOV:  ORIENTAL BANK, UNITED SPIRITES, INDIACEM   ,ADANIPORT , UBL .

                         

The crucial resistance for Nifty is now seen at 8150 and above this 8195. Support for the immediate term is now placed at 8055 and next support will be 8015.

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