INDIAN EQUITY MARKET WRAPUP - 05 OCT 2015

INDIAN BENCHMARKS gain more than 2 pct, biggest gain since January

                                                                   

INDIAN EQUITY BENCHMARKS  rose more than 2% on Monday, posting their biggest single-day percentage gain in nearly nine months as expectations for a U.S. rate hike faded after weaker-than-expected U.S. jobs data. The S&P BSE Sensex and CNX Nifty ended 2.15% and 2.12% higher each.

Headlines for the day:

Fitch cuts India's GDP growth forecast to 7.5%

Auto sales for September 2015: Strong growth for MHCV segment

 Bajaj Auto September 2015 volumes down 3.8% YoY

JLR August 2015 US Retail volumes up 61.3% YoY

                         

The crucial resistance for Nifty is now seen at 8150 and above this 8195. Support for the immediate term is now placed at 8067 and next support will be 8035.

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