INDIAN BENCHMARKS rise nearly 1 pct ahead of c bank policy; defensives lead
INDIAN EQUITY BENCHMARKS rose on Monday, marking their highest intraday level in two weeks as traders churned positions in favour of defensive stocks, especially among drug makers, a day ahead of the central bank's policy review. The S&P BSE Sensex and CNX Nifty ended at 0.86% respectively.
• JLR March US Retail volumes up 35.8%
• Bajaj Auto March 2015 volumes fall 17.7% YoY
• HSBC PMI: Services growth slowed in March
• L&T Construction wins orders valued at Rs5492 cr
The crucial resistance for Nifty is now seen at 8705 and above this 8765. Support for the immediate term is now placed at 8605 and next support will be 8565.
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