INDIAN BENCHMARKS slump 3 pct amid global risk aversion
INDIAN EQUITY BENCHMARKS fell over 3% on Tuesday, marking its biggest daily loss since the rupee crisis in 2013 as emerging markets tumbled, while safe-haven assets such as U.S. Treasuries surged. The S&P BSE Sensex and CNX Nifty ended 3.07%-3.00% lower each.
·IRB Infrastructure drops after CBI raid
·Sugar output increases by 27.3% to 7.5 million tones
·Zen Tech hits 5% upper circuit
The crucial resistance for Nifty is now seen at 8275 and above this 8358. Support for the immediate term is now placed at 8075 and next support will be 7995.
INDIAN EQUITY BENCHMARKS fell over 3% on Tuesday, marking its biggest daily loss since the rupee crisis in 2013 as emerging markets tumbled, while safe-haven assets such as U.S. Treasuries surged. The S&P BSE Sensex and CNX Nifty ended 3.07%-3.00% lower each.
·IRB Infrastructure drops after CBI raid
·Sugar output increases by 27.3% to 7.5 million tones
·Zen Tech hits 5% upper circuit
The crucial resistance for Nifty is now seen at 8275 and above this 8358. Support for the immediate term is now placed at 8075 and next support will be 7995.
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