INDIAN BENCHMARKS inch lower on global growth concerns; blue-chips lag
INDIAN EQUITY BENCHMARKS traded marginally lower on Monday following weaker U.S. markets last week after the Federal Reserve's decision to keep interest rates steady at record lows sparked worries about global growth. The S&P BSE Sensex and CNX Nifty ended 0.10%-0.06% lower each.
Headlines for the day:
Top companies bag contracts for Eastern Peripheral Expressway project
Strides Arcolab surges on acquiring CNS divisions of Ranbaxy
Government hikes import duty on crude edible oil
The crucial resistance for Nifty is now seen at 8005 and above this 8050. Support for the immediate term is now placed at 7950 and next support will be 7915.
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