INDIAN BENCHMARKS end flat as rate-cut hopes offset earnings disappointment
INDIAN EQUITY BENCHMARKS ended little-changed on Wednesday as gains in banking stocks on expectations of a rate cut offset a fall in shares of Tata Motors. The S&P BSE Sensex rose 0.12% and CNX Nifty ended 0.06% lower.
Headlines for the day:
TTK Prestige Q4 net profit drops 63% (YoY)
Aban Offshore Q4 Consolidated net profit comes at Rs114 crore
Balrampur Chini Q4 net profit comes at Rs76 crore
Gail Q4 earnings below estimates.
Results on May 28, 2015
Bajaj Electrical, Crompton Greaves, Escorts, Hindalco Inds., Cummins India, Tata Global, Apollo Hospitals, Finolex Inds., Amara Raja Batteries, BPCL, HPCL, Alok Ind, Hind Copper, Aurobindo Pharma, Power Grid, BoI, ONGC, Wockhardt, Coal India, NMDC, Power Finance, Gujarat Pipavav, Page Inds, Container Corp, Rajesh Exports, GMDC, RECL, PTC India, IGL, Pipavav Defence, United Breweries, Fortis Healthcare, Mcleod Russel, Jaypee Infratech, Rattan India Power
The crucial resistance for Nifty is now seen at 8372 and above this 8405. Support for the immediate term is now placed at 8313 and next support will be 8287.
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