INDIAN EQUITY MARKET WRAP UP-16 APRIL 2015

INDIAN BENCHMARKS  fall for second straight day; tech stocks down

INDIAN EQUITY BENCHMARKS  ended lower for the second straight session on Thursday, led by software services companies such as Tata Consultancy Services ahead of its quarterly results later in the day. The S&P BSE Sensex and CNX Nifty ended 0.46-0.50% lower each.                           

Results on April 17, 2015

RIL, CRISIL, Delta Corp

Headlines for the day:

IndusInd Bank Q4 Profit In-line with Est; Asset Quality Improves.

Gruh Finance Q4 net profit comes at Rs74 crore.

Tata Steel FY15 crude steel production up 2% at 9.33 mn tons.

The crucial resistance for Nifty is now seen at 8775 and above this 8825. Support for the immediate term is now placed at 8665 and next support will be 8615.

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