INDIAN EQUITY MARKET WRAP UP-23 APRIL 2015

Nifty Futures Tips

INDIAN EQUITY BENCHMARKS  fell for a sixth session in seven on Thursday in volatile trade, dragged down by blue chips as investors chose to pause despite clarifications from the finance ministry over the government's taxation policies. The S&P BSE Sensex and CNX Nifty ended 0.56-0.37% lower each.

Results on April 24, 2015
Siemens, Supreme Industries, Infosys, Indiabulls Housing
            
Headlines for the day:
MRF Q2 profit beats estimates; good operational performance
HDFC Bank Q4 net profit up 21% (YoY); Asset Quality Improves marginally

The crucial resistance for Nifty is now seen at 8550 and above this 8592. Support for the immediate term is now placed at 8350 and next support will be 8305.

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