INDIAN BENCHMARKS: Terrible Day: Sensex ends near 52-Week lows
India's
NSE index closed nearly 1 percent lower on Friday to hit near 52-Week low,
below the key 7,600 level, as lenders slumped after the central bank said it
would examine how the sector was dealing with bad debt. The S&P BSE Sensex
and CNX Nifty fell 0.82%-0.95% each.
Major Headlines:
·
Currency Special: RBI allows cross
currency F&O contracts.
·
RBI to reduce SLR by 0.25% every
quarter in FY17.
·
Texmaco Rail surges on winning
freight railway contract.
·
Sharekhan Actionable Idea: Buy
Aurobindo Pharma.
The
crucial resistance for Nifty SPOT is now seen at 7650
and above this 7705 . Support for the
immediate term is now placed at 7550 and
next support will be 7505.
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