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CapitalStars Updates: INDIAN BENCHMARKS WRAPUP

Discussion in 'Trading Strategies & Systems' started by Capitalstars King, Nov 3, 2015.

  1. Capitalstars King

    Capitalstars King New Member

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    INDIAN BENCHMARKS: SENSEX NIFTY ENDS FLAT

    After a daylong choppy session that saw the equity benchmarks swing between red and green, the domestic market closed in the black on Tuesday, snapping its longest losing streak in over five months.

    Disappointing earnings of benchmark heavyweights like L&T and uncertainty over the outcome of Bihar election continued to weigh heavy on investors' mind even though gains seen in other Asian markets provided some comfort.


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    Headlines for the day:
    • TVS Motors surges 6% as October sales jump 14% YoY
    • IOC posts Q2 loss Rs 329 cr, April-Sep GRM at $5.76/bbl
    • RBI fixes gold bonds issue price at Rs 2,684 per gram
    RESULT’S ON 4 NOV 2015: RELINFRA, ASHOKLEY, BATAINDIA, CANARA BANK, ENGINERSIND, JKLAXMI CEMENT, MARICO

    The crucial resistance for Nifty is now seen at 8146 and above this 8205. Support for the immediate term is now placed at 8020 and next support will be 7950.

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