INDIAN EQUITY MARKET WRAP UP-05 MAY 2015

Nifty Futures Tips

INDIAN BENCHMARKS edged lower in choppy trade

INDIAN EQUITY BENCHMARKS edged lower in a choppy session on Tuesday, led by declines in domestic-oriented stocks on worries that the remaining January-March quarterly earnings may not meet market expectations while lower Asian stocks also weighed on sentiment. The S&P BSE Sensex and CNX Nifty ended 0.18-0.19% lower each.                                                                                                         

Headlines for the day:
Kotak Mahindra Bank Q4 beats estimates
South Indian Bank Q4 disappoints
NIIT Technologies reports weak Q4 earnings
SPARC Q4 net loss widens to Rs9 crore

The crucial resistance for Nifty is now seen at 8415 and above this 8475. Support for the immediate term is now placed at 8290 and next support will be 8155.

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