INDIAN BENCHMARKS snap seven-day losing streak; shrug off Delhi election for budget
INDIAN EQUITY BENCHMARKS rose, snapping a seven-day losing streak on value buying in blue-chips as investors shrugged off worries over an anti-corruption party's win in Delhi elections and instead focused on the upcoming budget. The S&P BSE Sensex and CNX Nifty ended 0.45%-0.46% higher each.
· Domestic rubber production falls by 33%
· Motherson Sumi Q3 earnings In-Line
· Cadila Healthcare consolidated Q3 net profit up 52% (YoY)
· Essar Oil Q3 net profit comes at Rs52 crore
The crucial resistance for Nifty is now seen at 8685 and above this 8725. Support for the immediate term is now placed at 8495 and next support will be 8455.
INDIAN EQUITY BENCHMARKS rose, snapping a seven-day losing streak on value buying in blue-chips as investors shrugged off worries over an anti-corruption party's win in Delhi elections and instead focused on the upcoming budget. The S&P BSE Sensex and CNX Nifty ended 0.45%-0.46% higher each.
· Domestic rubber production falls by 33%
· Motherson Sumi Q3 earnings In-Line
· Cadila Healthcare consolidated Q3 net profit up 52% (YoY)
· Essar Oil Q3 net profit comes at Rs52 crore
The crucial resistance for Nifty is now seen at 8685 and above this 8725. Support for the immediate term is now placed at 8495 and next support will be 8455.
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