INDIAN EQUITY BENCHMARKS rose on Friday to head towards their highest close in 2-1/2 months as HDFC Bank Ltd rose on relative valuations, while drugmaker Lupin Ltd rose after an acquisition in Russia. The S&P BSE Sensex and CNX Nifty ended 0.53%-0.47% higher each.
Headlines for the day:
- Services PMI falls for the second straight month in June
- Fitch Cuts India’s Growth Forecast to 7.8% in FY16
- Bajaj Finance surges 30% in one month
The crucial resistance for Nifty is now seen at 8535 and above this 8575. Support for the immediate term is now placed at 8405 and next support will be 8375.
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