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CapitalStars Updates: INDIAN EQUITY BENCHMARKS MARKET WRAPUP

INDIAN EQUITY BENCHMARKS   fell for a second consecutive session on Monday, marking their biggest single-day loss in nearly 2-1/2 weeks, as Greece looked set to default on its debt repayment this week, sparking concerns about foreign selling in emerging markets. The S&P BSE Sensex and CNX Nifty ended 0.60%-0.75% lower each.

Headlines for the day:

  • BPCL sees LPG demand surging by 6-9% in FY16
  • L&T Construction bags order worth Rs 2035 cr
  • Tech Mahindra slumps on Q1 outlook

The crucial resistance for Nifty is now seen at 8335 and above this 8375. Support for the immediate term is now placed at 8250 and next support will be 8195.

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