INDIAN BENCHMARKS dive over 2 pct; mark lowest in over 10-weeks
INDIAN EQUITY BENCHMARKS fell over 2% on Thursday to their lowest in more than 10 weeks as blue chips slumped on worries foreign investors may trim positions on risk aversion after Saudi Arabia launched air strikes in Yemen. The S&P BSE Sensex and CNX Nifty ended 2.33%-2.21% lower each.
• VAT contributes 40% to ITC’s cigarette sales volume
• Spectrum auction ends with aggregate payout of Rs1.1 lakh crore
• JLR announces investment of GBP600mn in UK
The crucial resistance for Nifty is now seen at 8425 and above this 8475. Support for the immediate term is now placed at 8325 and next support will be 8270.
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