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CapitalStars Updates: INDIAN EQUITY BENCHMARKS MARKET WRAPUP

INDIAN EQUITY BENCHMARKS slipped on Thursday after earlier rising to its highest intraday level in nearly 2-1/2 months as software exporters fell after revenue warnings by rivals and Eurozone worries led to concerns about June-quarter results. The S&P BSE Sensex and CNX Nifty ended 0.27%-0.10% lower each.

Headlines for the day:

  • JLR June 2015 US Retail volumes up 10.5% YoY
  • Tata Motors June 2015 volumes up 6.0% YoY
  • Bajaj Auto gains as June 2015 volumes up 8.5% YoY

The crucial resistance for Nifty is now seen at 8530 and above this 8575. Support for the immediate term is now placed at 8415 and next support will be 8385.

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